Munich’s IDnow increases funding to $12M+ to create global solutions for secure digital identification
Munich-based startup IDnow recently entered into a partnership with G+D Mobile Security to combine expertise and resources with the aim to develop AI-driven biometric and security technologies. The collaboration also sees G+D Ventures taking a minority stake in IDnow as part of a multi-million Euro investment to enable the acceleration of research and development and international expansion. This recent investment increases the financing of IDnow to over $12 million. A first result of this collaboration is the development of a fully automatic remote identification solution for international markets.