About Identity as a Service sector in United Kingdom
The Identity as a Service sector in United Kingdom comprises 132 companies, including 46 funded companies having collectively raised $415M in venture capital money and private equity. Out of these, 26 are Series A+ funded.
Identity as a Service sector in United Kingdom has seen 13 acquisitions and 2 IPOs. This represents almost 11.4% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies providing cloud-based access management and identity subscription models that protect organizations from cyber threats.
Cloud Based IAM, Cloud-based Identity Management Solutions, Cloud-based Authentication Management, Cloud Based Biometrics, Cloud-based Access Control Solutions are included in this sector. Non Cloud Solutions, Generic Security Companies, Services Companies are excluded.
Top Identity as a Service Companies in United Kingdom
There are 132 Identity as a Service startups in United Kingdom which include iProov, Callsign, ValidSoft, Keyless, DeepAR. Out of these, 46 startups are funded, with 26 having secured Series A+ funding.
Over the past 10 years, an average of 6 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Cambridge, University of Oxford and ESCP Business School .
Here is the list of top Identity as a Service startups in United Kingdom
1. iProov
Platform offering digital identity verification services. These solutions cater to various industries, including financial services, government, healthcare, and travel. The company's biometric solutions address authentication, remote onboarding, and workforce multi-factor authentication use cases. It delivers threat intelligence and automated security updates.
Key facts about iProov
- Founded Year: 2011
- Location: London (United Kingdom)
- Stage: Series B
- Total Funding till date: $85.1M
- Investors: Sippchoice, The J Isaacs Charitable Trust and 50 Others
- Latest Funding Round: Series B, Nov 30, 2023, $*****
- Tracxn Score: 71/100 What is this?
- Competitors Rank: 3 of 2,950 Competitors
2. Callsign
CallSign is a provider of fraud analysis solutions. It offers password manager which authenticates user and transaction employing a PIN or biometrics, eliminating the need of entering passwords to access systems and application. Technology is based on patented machine learning technology to eliminate phishing, spear phishing, MITM and advanced malware attacks. The platform delivers transaction verification via crypto and authentication factors including PIN, finger and facial recognition. These factors are then combined with the platform’s cyber intelligence feeds to develop an intelligent verification for systems like VPN and payments including dual signatory scenarios. The solution is available as an on-premise virtual appliance with an option to failover to the cloud service in real-time. Mobile iOS and Android apps are available for secure access over.
Key facts about Callsign
- Founded Year: 2011
- Location: London (United Kingdom)
- Stage: Series A
- Total Funding till date: $38M
- Investors: Accel, PTB Ventures and 20 Others
- Latest Funding Round: Series A, Jul 27, 2017, $*****
- Tracxn Score: 62/100 What is this?
- Competitors Rank: 75 of 2,295 Competitors
3. ValidSoft
Provider of voice biometrics and deepfake protection security authentication solutions. The company delivers voice identity assurance for contact centers and omnichannel communications. It offers digit-based voice authentication, speech analysis algorithms, and multi-factor authentication. The business provides technology that detects synthetically generated speech from genuine human speech.
Key facts about ValidSoft
- Founded Year: 2003
- Location: London (United Kingdom)
- Stage: Acquired
- Total Funding till date: $20.1M
- Investors: HU Investments and Europa
- Latest Funding Round: Series A, Mar 20, 2025, $*****
- Tracxn Score: 61/100 What is this?
- Competitors Rank: 6 of 457 Competitors
4. Keyless
Platform offering cloud based biometric authentication and identity management solutions. It provides a facility to authenticate users without revealing their biometrics or their cryptographic keys. It supports several biometric modalities such as face recognition, fingerprints, and iris. It can be used to provide multi factor authentication solutions in sectors such as finance & banking, real estate and automotive, and government.
Key facts about Keyless
- Founded Year: 2018
- Location: London (United Kingdom)
- Stage: Acquired
- Total Funding till date: $26M
- Investors: P101, Rialto and 57 Others
- Latest Funding Round: Series A, Jan 22, 2025, $*****
- Tracxn Score: 57/100 What is this?
- Competitors Rank: 49 of 3,039 Competitors
5. DeepAR
Provider of an AR filter SDK. It offers a software development kit for creating and integrating AR filters, masks, and background removal effects into games, apps, and websites. The software can be used with iOS, Android, HTML5, and macOS.
Key facts about DeepAR
- Founded Year: 2014
- Location: London (United Kingdom)
- Stage: Acquired
- Total Funding till date: $261K
- Latest Funding Round: Seed, Apr 11, 2019, $*****
- Tracxn Score: 53/100 What is this?
- Competitors Rank: 73 of 2,903 Competitors
Companies founded year-on-year in the Identity as a Service sector in United Kingdom
16 Identity as a Service startups in United Kingdom were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | 4 |
2022 | 6 |
2021 | 6 |
2020 | 16 |
2019 | 12 |
2018 | 16 |
2017 | 5 |
Stage-wise distribution of Identity as a Service sector companies in United Kingdom
Out of the total 132 Identity as a Service companies in United Kingdom, 46 have secured funding. Among them, 26 have reached Series A or higher, and 19 to Series B or beyond.
Founded - 132
Funded - 46
Series A+ - 26
Series B+ - 19
Series C+ - 16
Company Stage | No. of companies |
|---|---|
Founded | 132 |
Funded | 46 |
Series A+ | 26 |
Series B+ | 19 |
Series C+ | 16 |
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Funding Trends in the Identity as a Service sector in United Kingdom
Total funding year-on-year in the Identity as a Service sector in United Kingdom
The Identity as a Service sector in United Kingdom saw a total funding of more than $372M in the last 10 years. The most amount of funding was in 2021 at more than $90.3M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $44M |
2024 | $8.22M |
2023 | $83.1M |
2022 | $13M |
2021 | $90.3M |
2020 | $5M |
2019 | $28.6M |
2018 | $57M |
2017 | $38.3M |
Recent Funding Rounds in Identity as a Service in United Kingdom
In the year 2025, till September 2025, Identity as a Service companies in United Kingdom have raised $44M in equity funding across 7 rounds.
In the same period last year (i.e. till May 2024), Identity as a Service companies in United Kingdom had raised $8.22M across 5 rounds.
So, 2025 has seen a 434.76% rise in funding in Identity as a Service companies in United Kingdom as compared to 2024.
Here are some recent, important funding rounds in Identity as a Service companies in United Kingdom:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 9327 | Sep 22, 2025 | ||
Series A | 6921 | Mar 20, 2025 | - | |
Seed | 7195 | Mar 17, 2025 | ||
Series A | 2435 | Feb 13, 2025 | ||
Series A | 8719 | Jan 28, 2025 |
Top Investors in Identity as a Service in United Kingdom
Accel is the top investor in Identity as a Service companies in United Kingdom based on number of companies invested.
Here are some top investors in Identity as a Service companies in United Kingdom:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Palo Alto (United States) | ||
Redwood City (United States) | - | |
London (United Kingdom) | - | |
Sunnyvale (United States) | - | |
New York City (United States) | - |
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M&A activity in Identity as a Service sector in United Kingdom
In the year 2025, till April 2025, 1 acquisition happened in Identity as a Service sector in United Kingdom. Last year, in 2024, a total of 2 acquisitions happened in Identity as a Service sector in United Kingdom.
Here are some recent, important acquisitions in Identity as a Service sector in United Kingdom:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Apr 07, 2025 | ||
Business Acquisition | Sep 12, 2024 | ||
Business Acquisition | Sep 11, 2024 | ||
Business Acquisition | Aug 30, 2023 | ||
Business Acquisition | Mar 25, 2022 |
Acquisition trends in Identity as a Service sector in United Kingdom
Here are the acquisition trends in Identity as a Service sector in United Kingdom:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | 2 |
2023 | 1 |
2022 | 2 |
2021 | 1 |
2020 | 1 |
2019 | - |
2018 | - |
2017 | - |
IPOs in Identity as a Service in United Kingdom
In the year 2016, till April 2016, 1 IPO happened in Identity as a Service sector in United Kingdom.
Here are some recent, important IPOs in Identity as a Service sector in United Kingdom:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Apr 15, 2016 | London Stock Exchange (LSE) | |
Jun 16, 2008 | London Stock Exchange (LSE) |
Colleges which produce the most Identity as a Service companies in United Kingdom
Companies founded by alumni from top colleges in the Identity as a Service in United Kingdom
Most number of Identity as a Service startups in United Kingdom have been founded by alumni from University of Cambridge, University of Oxford and ESCP Business School .
College | No. of companies |
|---|---|
University of Cambridge | 2 |
University of Oxford | 2 |
ESCP Business School | 1 |
IIT Bombay | 1 |
IIT Kanpur | 1 |
INSEAD | 1 |
Imperial College London | 1 |
Massachusetts Institute of Technology | 1 |
University of Manchester | 1 |
University of Pennsylvania | 1 |
Total funding in Identity as a Service companies founded by alumni from top colleges in United Kingdom
In the last 10 years, University of Cambridge graduates' Identity as a Service companies in United Kingdom have raised the most funding among top colleges. University of Oxford alumni are second, and University of Manchester alumni are third.
College | Total Funding |
|---|---|
University of Cambridge | $85.9M |
University of Oxford | $41.2M |
University of Manchester | $38M |
INSEAD | $22M |
University of Pennsylvania | $22M |
Wharton School | $22M |
ESCP Business School | $261K |
Massachusetts Institute of Technology | $261K |
IIT Bombay | - |
IIT Kanpur | - |
Top News in Identity as a Service in United Kingdom
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Keyless' Zero-Knowledge Biometrics enable crypto wallet Relai to meet MFA requirementsBiometricUpdate.com•Jul 11, 2025•Keyless
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Celebrus Technologies shares climb with rise in recurring revenue and profitMorningstar•Jul 08, 2025•Celebrus
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Celebrus Technologies shares climb with rise in recurring revenue and profitUK Share Prices &•Jul 08, 2025•Celebrus
•
Idnow And Keyless Partner For Enhanced Digital Identity SecurityFintech Finance•Jul 03, 2025•IDnow, Keyless
•
IDnow, Keyless partner on biometric ‘continuous trust’ for industries with strict compliance rulesBiometricUpdate.com•Jul 02, 2025•Keyless, IDnow
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iProov Launches Facial Biometric MFA Support Targeting Workforce Identity TheftBusiness Wire•Mar 24, 2025•iProov
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iProov Unveils Facial Biometric MFA to Prevent Workforce Identity TheftWorld Business Outlook•Mar 24, 2025•iProov
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Reusable digital ID promises improved customer experienceBiometricUpdate.com•Mar 19, 2025•Select ID, Luciditi, ShareRing, SQR
