When was Prove founded?

Prove was founded in 2008 and became a unicorn in 2023.

Where is Prove located?

Prove is headquartered in New York City, United States. It is registered at New York, New York.

Who is the current CEO of Prove?

Rodger Desai of Prove. They have also founded 1 company.

Which legal entities is Prove associated with?

Prove is associated with PROVE IDENTITY, INC. and 3 others.

How many employees does Prove have?

As of Jul 31, 2026, the latest employee count at Prove is 6.

Is Prove a funded company?

Prove is a funded company, having raised a total of $268M across 14 funding rounds to date. The company's 1st funding round was a $1.6M Seed round, raised on Jun 12, 2008.

How much is Prove worth?

The latest valuation of Prove is $1B as of Dec 31, 2023. This marks a decline of 50% from its peak valuation of $2B in Jun, 2020. This marks a decline of 50% from its peak valuation of $2B in Jun, 2020.

When was the latest funding round of Prove?

Prove's latest funding was a $43.9M Series F round on Aug 07, 2023, with participation from 2 investors. Its primary sector is Cybersecurity. In United States, the Cybersecurity sector has seen $7.5B in funding in 2026 to date.

Is Prove a Cybersecurity company?

The primary sector of Prove is Cybersecurity.

Where does Prove rank among its competitors?

Prove ranks 11th amongst 372 active competitors, of which 91 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Socure, which secured an undisclosed amount in Aug, 2026.

Who are the top competitors of Prove?

Prove's top competitors include IDnow, Jumio and Digio. Among them, Socure secured the most recent funding round in August, 2026.

Prove - 2026 Company Profile, Team, Funding & Competitors

Prove is a series F company based in New York City (United States), founded in 2008 by Rodger Desai. It operates as a Provider of digital identity verification and authentication solutions across various industries. Prove has raised $268M in funding from investors like Opus Capital, RRE Ventures and Verizon, with a current valuation of $1B. The company has 372 active competitors, including 91 funded and 38 that have exited. Its top competitors include companies like IDnow, Jumio and Digio.

Company Details

Provider of digital identity verification and authentication solutions across various industries. The company offers tools for consumer onboarding, identity verification, authentication, and fraud prevention. It provides a suite of solutions designed to enhance security and streamline user experiences. The company’s platform supports various use cases, including compliance, transactions, and consumer engagement.

Website: www.prove.com/
Part Of
Registered Address: New York, New York

Key Metrics

Founded Year

2008

Location

New York City, United States

Stage

Series F

Total Funding

$268M in 14 rounds

Latest Funding Round

Series F, Aug 07, 2023, $43.9M

Post Money Valuation

$1B as on Dec 31, 2023

Investors

Opus Capital & 32 more

Ranked

11^th among 372 active competitors

Employee Count

6 as on Jul 31, 2026

Investment & Acquisitions

Portabl & 2 more

Similar Companies

IDnow & 433 more

View Prove's full profile

Prove is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PROVE IDENTITY, INC. CIN: 45.709.785/0001-04 , Brazil, Active	Mar 18, 2022	-	-	-
Prove Identity, Inc. CIN: 3936300 , United States, Active	Apr 13, 2010	-	-	-
PROVE IDENTITY LTD CIN: 11700732 , United Kingdom, Active	Nov 27, 2018	-	10 (As on Dec 31, 2024)
Payfone, Inc. CIN: 262231809 , United States, Active	Mar 18, 2008	-	254 (As on Dec 31, 2024)	-

Prove has raised a total funding of $268M over 14 rounds. Its first funding round was on Jun 12, 2008. Its latest funding round was a Series F round on Aug 07, 2023 for $43.9M. 2 investors participated in its latest round. Prove has 28 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Prove:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 07, 2023	$43.9M	Series F	$1B	-	MassMutual Ventures, Capital One Ventures	-
Mar 02, 2022	$3.8M	Series F	$2B	-	Stack Capital Group	-
Jun 18, 2020	$100M	Series F	$270M	-	Apax	Synchrony, Wellington, BVF, MassMutual Ventures, Sandbox Insurtech Ventures, Andrew Prozes, Ralph de la Vega, TAEVAST

Access funding benchmarks and valuations. Sign up today!

View details of Prove's funding rounds and investors

The founders of Prove is Rodger Desai. Rodger Desai is the CEO of Prove.

Here are the details of Prove's key team members:

Rodger Desai: Co-Founder & CEO of Prove and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 2 email addresses

Prove's Board of Directors

Prove's board has 21 active members. Kevin Talbot, Rodger Desai, Shai Cohen, Gill Cogan, Charles Svirk, Eric Woodward, Michael Spadafore, Charles Fote, Zachary Fuchs, Michael C. Brody, Charlie Fote, Simon Adell, Stuart Ellman, Geoffrey Miller, Thomas FitzSimmons, Michael Brody, Steve Sassaman, John Woods, Bob Borchers, Daniel O'Keefe and Andrew Prozes are independent board members.

Here is the list of Prove's board of directors:

Name	Type	Representing	Status	Duration
Kevin Talbot	Independent board member	-	Current	16y 1m
Rodger Desai	Independent board member	-	Current	16y 6m
Shai Cohen	Independent board member	-	Current	6y 3m
Gill Cogan	Independent board member	-	Current	11y 3m
Charles Svirk	Independent board member	-	Current	2y 10m
Eric Woodward	Independent board member	-	Current	11y 3m
Michael Spadafore	Independent board member	-	Current	8y 7m
Charles Fote	Independent board member	-	Current	16y 6m
Zachary Fuchs	Independent board member	-	Current	6y 3m
Michael C. Brody	Independent board member	-	Current	16y 6m
Charlie Fote	Independent board member	-	Current	11y 3m
Simon Adell	Independent board member	-	Current	12y 11m
Stuart Ellman	Independent board member	-	Current	16y 6m
Geoffrey Miller	Independent board member	-	Current	7y 5m
Thomas FitzSimmons	Independent board member	-	Current	11y 3m
Michael Brody	Independent board member	-	Current	15y 5m
Steve Sassaman	Independent board member	-	Current	2y 10m
John Woods	Independent board member	-	Current	2y 10m
Bob Borchers	Independent board member	-	Current	16y 6m
Daniel O'Keefe	Independent board member	-	Current	6y 3m
Andrew Prozes	Independent board member	-	Current	8y 7m

View details of Prove's Founder profiles and Board Members

Prove's employee count trend

Prove has 6 employees as of Jul 26. Here is Prove's employee count trend over the years:

Uncover Prove's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Prove include IDnow, Jumio and Digio. Here is the list of Top 10 competitors of Prove, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	IDnow 2010, Munich (Germany), Acquired	Provider of automated and expert-led identity verification and digital trust services	$40M	Seventure Partners, BayBG Venture Capital ... & 40 others	75/100
2nd	Jumio 2010, Sunnyvale (United States), Acquired	Provider of AI-powered identity verification solutions	$201M	Millennium Technology Value Partners, Great Hill Partners ... & 10 others	73/100
3rd	Digio 2016, Bengaluru (India), Seed	Provider of digital solutions for KYC, document management, and digital signatures	$11.9M	Rainmatter, Groww & 3 others	72/100
4th	Evrotrust 2015, Sofia (Bulgaria), Series B	AI based identity verification and e-Signing solution provider	$13.8M	3TS Capital Partners, BDB & 6 others	72/100
5th	Idfy 2011, Mumbai (India), Series F	Provider of a platform for identity verification and risk management	$85.4M	Blume Venture, New Enterprise Associates ... & 41 others	71/100
6th	Encompass 2011, Sydney (Australia), Series B	Provider of automated software for corporate identity and compliance verification	$203M	BNP Paribas, Perennial & 27 others	69/100
7th	Microblink 2013, London (United Kingdom), Series A	Platform offering card scanning apps-based consumer payments	$60M	Silversmith	68/100
8th	Socure 2012, New York City (United States), Series E	Provider of AI based platform offering identity verification	$650M	ff Venture Capital, Accel & 45 others	66/100
9th	Signzy Technologies 2015, Bengaluru (India), Series B	Provider of identity verification and compliance platform with various API stacks	$38.7M	Kalaari Capital, Mastercard & 30 others	65/100
10th	Trulioo 2011, Vancouver (Canada), Series D	Provider of online identity verification services for KYC, KYB, and AML	$477M	Blumberg Capital, BDC & 14 others	64/100
11th	Prove 2008, New York City (United States), Series F	Provider of digital identity verification and authentication solutions across various industries	$268M	Demtech, Second Alpha & 31 others	64/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Prove's competitors? Click here to see the top ones

Prove has acquired 3 companies including Portabl, UnifyID and MEDICI. Prove has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jan 14, 2025	Acquisition	Portabl	2020	Philadelphia (United States)
Jun 01, 2021	Acquisition	UnifyID	2015	Redwood City (United States)
Mar 24, 2021	Acquisition	MEDICI	2013	Charlotte (United States)