ID DataWeb

Overview

ID DataWeb is a leader in identity verification and security solutions, founded in 2011 as part of the National Strategy for Trusted Identities in Cyberspace (NSTIC). Headquartered in Vienna, Virginia, the company was established by David Coxe. ID DataWeb has developed the Attribute Exchange Network (AXN), a platform that allows secure and seamless identity verification and management services. The company has leveraged its platform to handle over 200 million identity verification transactions for businesses and government agencies. It has raised funds from various investors to enhance its technological capabilities and expand its market reach.

Recent Developments

  • October 2024: ID DataWeb recently announced a strategic partnership with IBM to enhance their identity verification solutions. The collaboration integrates ID DataWeb’s identity verification workflows within IBM Security Verify, providing a seamless and secure digital identity process for organizations. This partnership addresses the growing need for robust identity verification in sectors with stringent security requirements like finance and healthcare.
  • May 2024: The company introduced an expanded relationship with IBM, focusing on cross-channel digital trust to prevent account takeover and fraud. This integration aims to streamline identity-proofing processes for businesses through built-in templates and orchestration tools, enhancing both security and user experience.
  • May 2024: ID DataWeb, in partnership with Verosint, launched the industry’s first Adaptive Identity Proofing solution. This approach uses risk signals to determine when identity proofing is necessary, minimizing the impact on legitimate customers while retaining strong security measures.
  • January 2024: ID DataWeb extended its services to new industries by forming a relationship with DAT Freight and Analytics to provide real-time fraud detection and prevention.

Company Information

AttributeInformation
Founding Date2011
HeadquartersVienna, Virginia, USA
FoundersDavid Coxe
RevenueNot publicly disclosed
ProfitsNot publicly disclosed
Key InvestorsStrategic Cyber Ventures
IndustryIdentity Verification, Cybersecurity
Number of EmployeesApproximately 50

Early History

ID DataWeb was founded in 2011, deriving its roots from the National Strategy for Trusted Identities in Cyberspace (NSTIC), a United States policy initiative aimed at enhancing online security. The company was the brainchild of David Coxe, who envisioned creating a centralized identity verification ecosystem. Since its inception, ID DataWeb has focused on establishing digital trust and identity security solutions through its proprietary Attribute Exchange Network (AXN). This early focus facilitated various industries in adopting seamless and secure online verification processes, helping the company to rapidly gain traction in both commercial and governmental sectors.

Company Profile and Achievements

ID DataWeb operates within the cybersecurity domain, providing a comprehensive suite of identity verification solutions. The company's business model revolves around its cloud-based service, AXN, which offers identity verification, adaptive authentication, and fraud detection.

  • 2011: Founded and launched the concept prototype for AXN.
  • 2016: Processed over 100 million transaction verifications.
  • 2020: Partnered with SAFE-BioPharma Association, enhancing its authentication and identity verification services.
  • 2024: Collaboration with IBM to integrate its services with IBM Security Verify, enhancing its reach and technology.

Current Operations and Market Position

ID DataWeb remains a pivotal entity in identity verification, providing solutions that cater to digital transformation and security enhancements across various industries. Its Adaptive Identity Proofing and cross-channel verification processes have positioned it as a leader in minimizing fraud and securing digital transactions. The company's strategic partnerships, particularly with IBM, underscore its competitive edge in offering state-of-the-art identity verification solutions.

Conclusion

ID DataWeb plays a crucial role in the cybersecurity and identity verification industry, characterized by innovation and strategic collaborations. With its robust AXN platform, the company provides seamless and secure digital identity solutions crucial for mitigating fraud and enhancing online security. As digital interactions increasingly define modern transactions, ID DataWeb’s solutions remain critical for industries requiring high-level security measures. The expansion of partnerships with technology giants like IBM positions ID DataWeb to potentially shape future trends in identity verification and cybersecurity.

References

  1. ID DataWeb Official Website
  2. PR Newswire on ID DataWeb
  3. Crunchbase ID DataWeb
  4. Verosint and ID DataWeb Announcement