deepIDV Raises $1 Million Seed Round and Opens San Francisco Office

Toronto-founded identity verification startup deepIDV has raised $1 million in seed funding and opened a San Francisco office as it expands its presence in the United States. The company said the financing will support product development, hiring and go-to-market efforts as it builds out operations across Toronto, Dallas and San Francisco.

deepIDV develops an identity verification and fraud detection platform that combines document authentication, biometric matching and compliance screening tools. According to the company, the platform includes real-time document verification, facial biometric matching with active liveness detection, deepfake detection and anti-money laundering screening including sanctions and politically exposed person checks. The system also includes transaction risk scoring and workflow tools designed to allow organizations to configure verification processes without writing code.

The company is led by founder and chief executive Shawn-Marc Melo, who previously founded and exited two technology startups. deepIDV’s leadership team also includes chief technology officer Omar Tahir, chief operating officer Joey Chan and head of development Luka Piplica. The company’s board includes Melo, Tahir and cybersecurity entrepreneur Robert Herjavec, founder of the Herjavec Group.

Alongside its software platform, deepIDV offers a hardware device called deepcam for in-person identity verification. The tablet-style unit is designed to perform biometric authentication, age verification and facial recognition checks in environments where identity must be verified physically, such as bank branches, casinos, retail locations and hospitality venues.

The company says it is targeting customers in sectors including financial services, property technology, hospitality and online gaming, where identity verification is commonly required for onboarding and fraud prevention. The expansion comes as biometric verification and liveness detection are being integrated into a growing number of enterprise workflows, from customer onboarding to workforce authentication and higher-assurance transactions.

Recent industry developments include vendors integrating biometric checks directly into enterprise identity platforms and expanding identity verification beyond login events into broader business processes. For example, Mitek recently integrated identity verification and liveness detection into the PingOne DaVinci orchestration platform, while iProov has launched a workforce verification suite designed for identity checks beyond login flows.

Sources: GlobeNewswire, deepIDV

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By the ID Tech Editorial Team