Incognia raises $31M in Series B round

Brazilian identity verification startup Incognia raised a $31M Series B led by Bessemer Venture Partners. FJ Labs, Valor Capital Group, Point72 Ventures, and Unbox Capital also participated in the round. The funding comes 19 months after Incognia’s $15.5M Series A in June 2022, totaling $46.5M million raised to date.

Incognia will use the capital to invest in further technology development and to expand globally.

“The investment and partnership with Bessemer validate Incognia’s innovative approach, and working together with their team of experts will be essential, given the fund’s extensive and recognized expertise in the fraud prevention universe,” said André Ferraz, co-founder and CEO of Incognia. 

Incognia offers a fraud prevention and authentication solution, combining tamper-resistant device fingerprinting with precise location data.

“Incognia is rapidly emerging as a market leader in combating fraud across various sectors, which is crucial in the current landscape where fraudsters are becoming increasingly sophisticated due to recent advancements in Generative Artificial Intelligence and the global implementation of real-time payment systems,” said Charles Birnbaum, Partner at Bessemer Venture Partners.

Established in 2020, Incognia reports protecting over 378 million devices worldwide since its founding. 

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