Proof secures investment from State Farm Ventures
Proof, a provider of identity verification solutions, announced a strategic investment from State Farm Ventures.
Proof was developed by the same group that brought notarization online with Notarize.
Proof’s identity authorization network is trusted by “industry-leading” companies including 16 of the Fortune 100. Proof’s network introduces a “groundbreaking method” for linking verified real-world identities to any kind of digital interaction.
The Proof network is built on a suite of products including:
- Identify: A no-code tool that integrates seamlessly into workflows to confirm identities and prevent fraud.
- Verify: A live, face-to-face video call with biometric checks that offers real-time fraud protection for high-security transactions.
- Notarize: A service enabling secure, legally compliant digital notarizations.
- Sign: An eSignature solution that provides verified, secure document signing, ensuring authenticity and reducing the risk of forgery.
- Defend: A fraud detection system designed to combat forgery and deepfakes across multiple transaction types.
“State Farm Ventures is committed to investing in innovative technologies that make digital transactions safer for our customers. Proof’s advanced identity verification platform aligns with our mission to support the kind of innovation we want to bring to the insurance industry – one that improves both security and customer experience.” – Mike Remmes, Vice President, State Farm Ventures.
“This strategic investment affirms Proof’s role in transforming how identities are verified in the digital world. Just as digital payments revolutionized financial transactions, we are setting a new standard for identity verification. Our platform empowers businesses and individuals to establish trust remotely and securely, eliminating the need for in-person meetings or paper documentation. This is key to creating a more efficient, secure, and accessible digital economy.” – Pat Kinsel, CEO of Proof.
