Trending...
- California: Governor Newsom proclaims Independence Day 2025
- New Release: 'The Invisible Alternative' Unveiled by Atrisk Corporation, Resilient
- Transgender Visual Artist Debuts New Work
Startup emerges from stealth to focus on banking and financial services digital initiatives; raises $1.55 million seed round
SAN FRANCISCO - Californer -- Presidio Identity Aims to Eliminate Identity Theft and Financial Fraud with Innovative Trust and Identity Services
Startup emerges from stealth to focus on banking and financial services digital initiatives; raises $1.55 million seed round
San Francisco, CA, August 13, 2020 – Presidio Identity, Inc., a provider of cloud-based trust and identity services, announced today the close of $1.55 million in initial funding in a seed round led by Marc Benioff, with participation by technology and financial services leaders. The startup aims to eliminate identity theft and financial fraud, while giving individuals control over their sensitive data.
"We're honored to have such a great group of investors backing Presidio Identity," said Dennis Moore, CEO and Founder of Presidio Identity. "Their incredible backgrounds and experiences are an endless source of inspiration for our company as we work to achieve our vision to eliminate identity theft and financial fraud, while giving back control over our sensitive data to each of us. Finally, each of us will have unsurpassed security along with a great experience when interacting with banks, financial services firms, and other services providers."
As the world rapidly becomes more digital and access to services is made more accessible remotely, there has been a corresponding increase in cybersecurity threats. These new threats require new solutions to bring trust and security to our interactions with digital service providers including banks and financial services providers. Presidio Identity is currently in development of its first generation of products, and expects to be ready for pilot customers in 2020.
More on The Californer
Presidio Identity Investors
Sohaib Abbasi (https://www.crunchbase.com/person/sohaib-abbasi), member of the Boards of McAfee (https://www.businesswire.com/news/home/20181115005273/en/Mary-Cranston-Sohaib-Abbasi-Appointed-McAfee-Board), Nutanix (https://www.nutanix.com/company/leadership/boar...), StreamSets (https://streamsets.com/about-us/press-releases/...), and Chairman of Peakon (https://peakon.com/us/press/press-releases/peak...)
Marc Benioff (https://www.crunchbase.com/person/marc-benioff)
Doug Merritt (https://www.crunchbase.com/person/doug-merritt), President, Chief Executive Officer, and member of the Board of Directors of Splunk (https://www.splunk.com/en_us/about-splunk/leade...)
Dennis Moore (https://www.crunchbase.com/person/dennis-moore), Founder, Chief Executive Officer, and member of the Board of Directors of Presidio Identity
More on The Californer
Eileen Murray (https://www.crunchbase.com/person/eileen-murray), member of the Boards of HSBC (https://www.hsbc.com/who-we-are/leadership/eile...), Guardian Life (https://www.guardianlife.com/corporate-governan...), and Compass (https://www.compass.com/about/team), and Chairperson of the Financial Industry Regulatory Authority (FINRA (https://www.finra.org/media-center/newsreleases...))
Sanjay Poonen (https://www.crunchbase.com/person/sanjay-poonen), Chief Operating Officer, Customer Operations and Security Strategy at VMware (https://www.vmware.com/company/leadership/sanja...)
Anshu Sharma (https://www.crunchbase.com/person/anshu-sharma), Co-Founder and Chief Executive Officer of Skyflow Data Privacy Vault (https://www.skyflow.com/company)
About Presidio Identity
Presidio Identity is a provider of cloud-based trust and identity services, founded in 2020 in the San Francisco Bay Area. Contact info@presidioidentity.com or visit http://www.presidioidentity.com/ for more information.
Startup emerges from stealth to focus on banking and financial services digital initiatives; raises $1.55 million seed round
San Francisco, CA, August 13, 2020 – Presidio Identity, Inc., a provider of cloud-based trust and identity services, announced today the close of $1.55 million in initial funding in a seed round led by Marc Benioff, with participation by technology and financial services leaders. The startup aims to eliminate identity theft and financial fraud, while giving individuals control over their sensitive data.
"We're honored to have such a great group of investors backing Presidio Identity," said Dennis Moore, CEO and Founder of Presidio Identity. "Their incredible backgrounds and experiences are an endless source of inspiration for our company as we work to achieve our vision to eliminate identity theft and financial fraud, while giving back control over our sensitive data to each of us. Finally, each of us will have unsurpassed security along with a great experience when interacting with banks, financial services firms, and other services providers."
As the world rapidly becomes more digital and access to services is made more accessible remotely, there has been a corresponding increase in cybersecurity threats. These new threats require new solutions to bring trust and security to our interactions with digital service providers including banks and financial services providers. Presidio Identity is currently in development of its first generation of products, and expects to be ready for pilot customers in 2020.
More on The Californer
- AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
- First Partner highlights apprenticeship program helping underrepresented youth break into careers in California's iconic entertainment industry
- Stuck Doing Math or Figuring Out Life's Numbers? Calculator.now Makes It Stupidly Simple
- Cal State LA secures funding for two artificial intelligence projects from CSU
- Colbert Packaging Announces WBENC Recognition
Presidio Identity Investors
Sohaib Abbasi (https://www.crunchbase.com/person/sohaib-abbasi), member of the Boards of McAfee (https://www.businesswire.com/news/home/20181115005273/en/Mary-Cranston-Sohaib-Abbasi-Appointed-McAfee-Board), Nutanix (https://www.nutanix.com/company/leadership/boar...), StreamSets (https://streamsets.com/about-us/press-releases/...), and Chairman of Peakon (https://peakon.com/us/press/press-releases/peak...)
Marc Benioff (https://www.crunchbase.com/person/marc-benioff)
Doug Merritt (https://www.crunchbase.com/person/doug-merritt), President, Chief Executive Officer, and member of the Board of Directors of Splunk (https://www.splunk.com/en_us/about-splunk/leade...)
Dennis Moore (https://www.crunchbase.com/person/dennis-moore), Founder, Chief Executive Officer, and member of the Board of Directors of Presidio Identity
More on The Californer
- New Mobile Car Detailing Platform Connects Drivers with On-Demand Local Pros
- Over the past three months, California seized $476 million worth of unlicensed cannabis products
- California scores more clean energy records: 9 in 10 days this year partially powered by 100% clean energy
- "Mobile Suit Gundam" Takes Over San Diego Comic-Con 2025
- DivX Empowers Media Enthusiasts with Free Expert Guides for Advanced MP4 Management
Eileen Murray (https://www.crunchbase.com/person/eileen-murray), member of the Boards of HSBC (https://www.hsbc.com/who-we-are/leadership/eile...), Guardian Life (https://www.guardianlife.com/corporate-governan...), and Compass (https://www.compass.com/about/team), and Chairperson of the Financial Industry Regulatory Authority (FINRA (https://www.finra.org/media-center/newsreleases...))
Sanjay Poonen (https://www.crunchbase.com/person/sanjay-poonen), Chief Operating Officer, Customer Operations and Security Strategy at VMware (https://www.vmware.com/company/leadership/sanja...)
Anshu Sharma (https://www.crunchbase.com/person/anshu-sharma), Co-Founder and Chief Executive Officer of Skyflow Data Privacy Vault (https://www.skyflow.com/company)
About Presidio Identity
Presidio Identity is a provider of cloud-based trust and identity services, founded in 2020 in the San Francisco Bay Area. Contact info@presidioidentity.com or visit http://www.presidioidentity.com/ for more information.
Source: Presidio Identity
Filed Under: Financial
0 Comments
Latest on The Californer
- Haunted Doll House at The Gregangelo Museum
- Mystical Insights at the Gregangelo Museum
- Ben Pouladian, CEO of BEP Holdings, to Join ISPE Los Angeles Biomanufacturing Panel
- Raksmart: Promoting Security in Global Hosting Service
- $14M Expansion Deal with Famed David Lloyd Highlights Rebrand of Sports, Entertainment and Gaming Innovation by AI Driven, Online Fan Engagement Co
- Local Pub Grows Unique Community Ownership Program
- Heartfelt Dreams Foundation Launches Campaign to Build CHD Hospital
- California: Acting Governor Eleni Kounalakis proclaims Disability Pride Month
- CHRIS EDMONDS JOINS CITY NATIONAL BANK AS EXECUTIVE VICE PRESIDENT, HEAD OF COMMERCIAL AND NATIONAL CORPORATE BANKING
- Radarsign Tackles Intersection Safety with Launch of Grid-Free Solar LED Stop Sign
- California: $35 million to law enforcement partners to keep communities safe from impaired driving
- Curtis Sergeant's Book The Only One Continues to Equip Christians to Live Fully in by and for God
- IFYA Announces New Froyo Heaven Art Contest
- BKM Capital Partners Publishes Case Study on Hughes Airport Center, Showcasing Strategic Value-Add Execution in Las Vegas
- Miami Real Estate Agent Drastically Increases Interest In Homes
- Adostics & Genmega Announce the Introduction of A-POD
- Auto Careers Online Secures Top Dealers' Choice Award for Eighth Consecutive Year
- MANTL Becomes First Fintech to Offer Plaid Layer
- LIB and Nidec Rejoin Forces for Giant TH-0098 Temperature Humidity Test Chamber
- California: Governor Newsom commits $101 million to jumpstart critical rebuilding efforts after LA Fires