Presidio Identity Aims to Eliminate Identity Theft, Financial Fraud with Innovative Trust and Iden
Startup emerges from stealth to focus on banking and financial services digital initiatives; raises $1.55 million seed round
SAN FRANCISCO: Presidio Identity, Inc., a provider of cloud-based trust and identity services, has announced the close of $1.55 million in initial funding in a seed round led by Marc Benioff, with participation by technology and financial services leaders. The startup aims to eliminate identity theft and financial fraud, while giving individuals control over their sensitive data.
"We're honored to have such a great group of investors backing Presidio Identity," said Dennis Moore, CEO and Founder of Presidio Identity. "Their incredible backgrounds and experiences are an endless source of inspiration for our company as we work to achieve our vision to eliminate identity theft and financial fraud, while giving back control over our sensitive data to each of us. Finally, each of us will have unsurpassed security along with a great experience when interacting with banks, financial services firms, and other services providers."
As the world rapidly becomes more digital and access to services is made more accessible remotely, there has been a corresponding increase in cybersecurity threats. These new threats require new solutions to bring trust and security to our interactions with digital service providers including banks and financial services providers. Presidio Identity is currently in development of its first generation of products, and expects to be ready for pilot customers in 2020.
