Incode joined the Unicorn Club on December 7, 2021, after raising a $220 million Series B funding round led by General Atlantic and SoftBank Group, valuing the company at $1.25 billion. Headquartered in San Francisco, California, United States, Incode is an AI-powered biometric identity verification company providing omnichannel authentication and identity solutions for global enterprises. The company has raised $260 million to date and employs between 51 and 200 people (as of July 2025).
Keep reading to learn how Incode is revolutionizing digital identity verification for enterprises worldwide.
What Is Incode and What Does It Do?
Founded in 2015, Incode provides AI-driven biometric identity verification and authentication solutions for enterprises across multiple industries. The platform leverages artificial intelligence to enable omnichannel identity verification, allowing organizations to authenticate users quickly and securely across mobile, web, and in-person channels.
Incode’s solutions include facial recognition, liveness detection, document verification, and multi-factor authentication, helping enterprises reduce fraud, comply with regulatory requirements, and streamline customer onboarding. Its cloud-based architecture allows for scalable deployment across global markets, making it a leading provider of digital identity and authentication technology.
How Much Funding Has Incode Raised?
- Series B
- Amount Raised: $220M
- Date: December 7, 2021
- Lead Investors: General Atlantic, SoftBank Group
- Valuation: $1.25B
- Purpose: Expand the AI-driven identity verification platform, enhance biometric capabilities, and accelerate global adoption.
- Earlier Rounds (A & Seed)
- Cumulative Funding: ~$40M
- Investors: Early-stage venture firms
- Purpose: Develop core AI biometric technology, expand the engineering team, and pilot enterprise solutions.
Total Funding Raised: $260M
Latest Funding Date: December 7, 2021
Latest Valuation: $1.25B
Employee Count: 51–200 (as of July 16, 2025)
Key Investors
- General Atlantic
- Details: Global growth equity firm investing in technology and scalable businesses.
- Focus Areas: Technology, cybersecurity, and digital identity solutions.
- SoftBank Group
- Details: Multinational conglomerate and technology investor supporting high-growth companies worldwide.
- Focus Areas: AI, cloud solutions, and cybersecurity.
Where Is Incode’s Headquarters?
Incode is headquartered in San Francisco, California, United States, with operations supporting enterprises globally. The company focuses on delivering secure, AI-powered biometric verification and authentication solutions, ensuring compliance with international regulatory standards while offering scalable identity solutions for its enterprise clients.
What’s Next for Incode?
Incode aims to expand its AI-driven identity verification and biometric authentication platform globally, enhancing enterprise security and compliance capabilities. The company plans to deepen its AI capabilities for improved liveness detection, fraud prevention, and document verification. By continuing to integrate its solutions across digital channels, Incode is positioned to become a leading provider of omnichannel digital identity solutions for enterprises worldwide.
Get Investor & Funding Insights with TexAu
TexAu provides verified investor and funding data for companies like Incode. Explore insights on AI, RegTech, and cybersecurity startups.
Sign up for Free on TexAu to access real-time investor and funding intelligence.
