Deduce - About the company
Deduce is an acquired company based in Philadelphia (United States), founded in 2019. It operates as a Provider of identity graph for detecting stolen and synthetic identity fraud. Deduce has raised $26.3M in funding from investors like True Ventures, Freestyle and Foundry. The company has 933 active competitors, including 200 funded and 146 that have exited. Its top competitors include companies like Simplex, Profitero and OneTrust.
Company Details
Provider of identity graph for detecting stolen and synthetic identity fraud. The company offers solutions for preventing identities created with artificial intelligence from creating new customer accounts. It identifies and flags identities that have already become customers. The company reduces exposure to stolen and synthetic identity fraud. It helps maintain trust in the authenticity of verified customers. The company also reduces friction and false declines in the onboarding process.
- Website
- www.deduce.com
- Registered Address
- Philadelphia, Pennsylvania
Key Metrics
Founded Year
2019
Location
Philadelphia, United States
Stage
Acquired
Total Funding
$26.3M in 3 rounds
Latest Funding Round
Investors
Ranked
168th among 933 active competitors
Employee Count
9 as on Apr 30, 2026
Exit Details
Acquired by CHEQ (Jan 31, 2025)
Legal entities associated with Deduce
Deduce is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
DEDUCE, INC. CIN: 834355862 , United States, Active | Dec 31, 1999 | - | 8 (As on Dec 31, 2024) | - |
Deduce, Inc. CIN: 001t000000rQIxpAAG , United States, Active | Feb 01, 2022 | - | - | - |
Deduce's acquisition details
Deduce got acquired by CHEQ on Jan 31, 2025.
Click here to take a look at Deduce's acquisition in detail
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Deduce's funding and investors
Deduce has raised a total funding of $26.3M over 3 rounds. Its first funding round was on Dec 02, 2020. Its latest funding round was a Series A round on Sep 13, 2023 for $*****. 3 investors participated in its latest round. Deduce has 12 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Deduce:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 13, 2023 | 1924616 | Series A | 8894230 | 9281530 | 8664678 | 4121754 |
Jun 24, 2021 | 2658740 | Series A | 4083853 | 3661172 | 6651346 | |
Dec 02, 2020 | 3640988 | Seed | 7164998 | 4810128 |
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Deduce's founders and board of directors
Founder? Claim ProfileDeduce's employee count trend
Deduce has 9 employees as of Apr 26. Here is Deduce's employee count trend over the years:
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Deduce's Competitors and alternates
Top competitors of Deduce include Simplex, Profitero and OneTrust. Here is the list of Top 10 competitors of Deduce, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | AI-based crypto payments and fraud prevention solutions for businesses | $19M | 73/100 | ||
2nd | Platform offering E- Commerce analytics solutions | $28.2M | 73/100 | ||
3rd |  OneTrust 2016, Atlanta (United States), Series D | Provider of AI-ready governance platform | $1.13B | 70/100 | |
4th |  Sift 1997, San Francisco (United States), Series D | Provider of an AI-powered platform for fraud detection and prevention | $162M | 70/100 | |
5th | Cloud based KYC and AML management software | $181M | 70/100 | ||
6th | NICE Actimize 1999, Hoboken (United States), Acquired | Provider of AI-driven anti-money laundering and fraud detection solutions | $24M | 70/100 | |
7th | Elliptic 2014, London (United Kingdom), Series D | Provider of blockchain analytics and digital asset risk management software | $224M | 70/100 | |
8th |  EverC 2011, New York (United States), Acquired | AI-enabled transaction monitoring solutions for financial institutions | $48M | 69/100 | |
9th | Provider of digital solutions for KYC, document management, and digital signatures | $11.9M | 69/100 | ||
10th |  HYPR 2014, New York City (United States), Series D | Provider of passwordless multi-factor authentication, identity verification, and risk management | $131M | 69/100 | |
168th |  Deduce 2019, Philadelphia (United States), Acquired | Provider of identity graph for detecting stolen and synthetic identity fraud | $26.3M | 44/100 |
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Deduce's Investments and acquisitions
Deduce has made no investments or acquisitions yet.
News related to Deduce
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Diligent raises $25 million to triple its nursing robot’s reachTechCrunch+•Sep 21, 2023•Diligent Robots, Canaan, True Ventures, DNX Ventures and 6 others
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Deduce Raises $9M in FundingFinSMEs•Sep 14, 2023•Deduce, True Ventures, Foundry, Freestyle and 1 other
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