Sep 8, 2025

The round was led by Ribbit Capital , with participation from existing investors Los Angeles-based Ares Credit and Moonshots Capital , which is headquartered in Austin, Texas, with offices in Los Angeles. Greenwich, Conn.-based Positive Sum joined as a new investor. The startup, founded in 2010, has developed a digital identity wallet that helps individuals securely prove their identity online once and then seamlessly sign-in across websites using the same identity. It is used by several U.S. agencies including the Internal Revenue Service (IRS). ID.me plans to use the new funding to build technology that can ward off AI-driven identity attacks. “Fraud is evolving at the speed of AI — and so are we,” said ID.me founder and CEO Blake Hall , who served the U.S. Army for four years. “Secure identity is foundational to AI ecosystems that will depend on memory, context, and authentication, and ID.me is leading the charge. This funding strengthens our ability to expand secure digital access, protect privacy, and innovate faster to stay ahead of criminal networks.” ID.me claims a user base of 152 million, representing nearly 60% of U.S. adults. Its technology meets the standards of federal and state agencies. Seven states credited the company with preventing more than $270 billion in unemployment fraud during the Covid-19 pandemic. Still, identity fraud is seen as a financial and national security crisis, further threatened by AI-based attacks. Between 2018 and 2022, the U.S. government lost up to $521 billion annually to fraud, ID.me said, citing the Government Accountability Office. “As AI reshapes the economy and new fraud risks emerge, we believe ID.me's digital identity wallet will become even more essential in enabling secure connections between large organizations and their users, while also minimizing friction and improving the end-user experience,” said John Clark of Ares Management. Ribbit Capital's Justin Saslaw called ID.me's platform “one of the most advanced and widely adopted digital identity wallets in the world, giving it a durable advantage in creating and scaling the identity tokens that will power this new era.”