When was Deduce founded?

Deduce was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Where is Deduce located?

Deduce is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania.

How many employees does Deduce have?

As of Oct 31, 2026, the latest employee count at Deduce is 9.

Is Deduce a funded company?

Deduce is a funded company, having raised a total of $26.3M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 02, 2020.

When was the latest funding round of Deduce?

Deduce's latest funding was a $***** Series A round on Sep 13, 2023, with participation from 3 investors.

Where does Deduce rank among its competitors?

Deduce ranks 142nd amongst 652 active competitors, of which 155 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Elliptic, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Deduce?

Deduce's top competitors include Fenergo, NICE Actimize and Digio. Among them, Elliptic secured the most recent funding round in July, 2026.

Deduce - 2026 Company Profile, Team, Funding & Competitors

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 652 active competitors, including 155 funded and 111 that have exited. Its top competitors include companies like Fenergo, NICE Actimize and Digio.

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

Series A, Sep 13, 2023, $*****

Investors

True Ventures & 13 more

Ranked

142^nd among 652 active competitors

Employee Count

9 as on Oct 31, 2026

Similar Companies

Simplex & 664 more

Exit Details

Acquired by CHEQ (Jan 31, 2025)

View Deduce's full profile

Deduce is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Deduce, Inc. CIN: 001t000000rQIxpAAG , United States, Active	Feb 01, 2022	-	-	-
DEDUCE, INC. CIN: 834355862 , United States, Active	Dec 31, 1999	-	8 (As on Dec 31, 2024)	-

Deduce got acquired by CHEQ on Jan 31, 2025.

Click here to take a look at Deduce's acquisition in detail

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	9288459	Series A	9414414	5034974	5015305	9126377
Jun 24, 2021	8953176	Series A	2917313	7671129	3004573	True Ventures
Dec 02, 2020	6632546	Seed	5480926	6099994	True Ventures	Ridge Ventures & 2 more

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View details of Deduce's funding rounds and investors

Deduce's employee count trend

Deduce has 9 employees as of Oct 26. Here is Deduce's employee count trend over the years:

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Top competitors of Deduce include Fenergo, NICE Actimize and Digio. Here is the list of Top 10 competitors of Deduce, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fenergo 2009, Dublin (Ireland), Acquired	Cloud based KYC and AML management software	$181M	Ergo, Abn Amro & 26 others	72/100
2nd	NICE Actimize 1999, Hoboken (United States), Acquired	Provider of AI-driven anti-money laundering and fraud detection solutions	$24M	Giza Venture Capital, FTV Capital & 3 others	72/100
3rd	Digio 2016, Bengaluru (India), Series A	Provider of digital solutions for KYC, document management, and digital signatures	$11.9M	Rainmatter, Groww & 3 others	72/100
4th	Elliptic 2013, London (United Kingdom), Series D	Provider of blockchain analytics software for digital asset risk management	$224M	Paladin Capital, SoftBank & 36 others	71/100
5th	Bottomline Technologies 1989, Portsmouth (United States), Acquired	Provider of business payments automation, connectivity, cash management, and fraud solutions	-	Thoma Bravo, Trinity Capital & 3 others	71/100
6th	Sift 1997, San Francisco (United States), Series D	Provider of an AI-powered platform for fraud detection and prevention	$162M	Insight Partners, Spark Capital & 22 others	70/100
7th	Hawk 2018, Munich (Germany), Series C	Provider of AI-powered anti-money laundering and fraud prevention technology solutions	$83M	Sands Capital, Picus Capital & 32 others	70/100
8th	Solidus Labs 2017, New York City (United States), Series B	Digital asset trade surveillance solution	$83M	Evolution Equity Partners, Liberty City Ventures ... & 16 others	69/100
9th	Cytora 2012, London (United Kingdom), Acquired	Risk management solutions for insurers and underwriters	$41.5M	EQT, Parkwalk & 42 others	69/100
10th	Persona 2018, San Francisco (United States), Series D	Provider of a cloud based identity verification solutions	$418M	Founders Fund, First Round Capital & 14 others	66/100
142nd	Deduce 2019, Philadelphia (United States), Acquired	Provider of identity graph for detecting stolen and synthetic identity fraud	$26.3M	Recursive Ventures, Ridge Ventures & 12 others	42/100