Confirmed: Entrust is buying AI-based ID verification startu

Confirmed: Entrust is buying AI-based ID verification startup Onfido, sources say for more than $400M

Onfido, an early mover in the world of identity verification using computer vision and other AI tools, is getting acquired, TechCrunch has learned and confirmed. Entrust -- the privately held company that provides a range of certification and verification services around payment cards, passwords, network and website access, device access and more -- is buying the London-based startup, sources say for a figure "well above" $400 million. Once that process is complete, the plan will be to integrate Onfido's tools into Entrust's wider technology stack, Entrust CEO and president Todd Wilkinson said in an interview.

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