Company: Vouched, Seattle, WA
Nomination Submitted by: The Colab
Company Description: Vouched’s AI-powered identity verification solution enables businesses to authenticate individuals with ease and meet critical regulatory requirements. The platform’s real-time decisioning engine delivers the fastest and most reliable responses in the industry. Utilizing proprietary AI models and extensive data verification processes, Vouched maintains one of the highest fraud detection rates.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Fastest Growing Tech Company of the Year - Up to 100 Employees
 Nomination Title: Vouched
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since January 1 2023, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 125 words used.
Vouched offers its 100% automated, AI-driven identity verification platform to any business that seeks to onboard new customers or verify healthcare professionals, with speed and accuracy at the forefront. Vouched has achieved traction in financial services and healthcare, given their regulatory and security requirements. With the ability to identify over 99% of the global population with some form of valid identification, Vouched is well on its way to realizing its mission to expertly identify anyone, anywhere, to unlock access to life’s most critical services. The Vouched team is deeply motivated by the potential of Vouched to use AI for the betterment of society, helping people with limited credit history, such as immigrants and young adults, who are often labeled the credit invisible, access vital services.
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's achievements since the beginning of 2023 that you wish to bring to the judges' attention (up to 250 words):
Total 172 words used.
Vouched celebrates placing among the top 3% of fastest-growing companies in the U.S. as part of the Inc. 5000, with a revenue growth of 2,443% between 2020 and 2023. Vouched raised $6.3M in funding in February 2023, for a total of $18M to date as a result of its rapid growth, with investors including Flying Fish, Seachange Ventures, Madrona Ventures, Spring Rock Ventures, and more. Vouched also reached EBITDA positive in July 2024 due to its capital-efficient model. Now the company has appointed Peter Horadan as its Chief Executive Officer to drive its next phase of growth.
The number of identities verified by Vouched surpassed 20 million earlier this year, quadrupling since 2022. In addition, Vouched recently expanded its solution by launching several product features:
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Enhanced ID Capture and Extraction, which uses live video to drive up verification accuracy.
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Enhanced liveness capture increases capabilities to help identify deep fakes
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Proprietary risk models and scores providing flexibility for customers to select the level of risk based on their use case
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 250 words used.
Identity Proofing and Corroboration: Vouched demonstrates an unparalleled capability in identity proofing, catering to diverse demographics, including Gen Z, the credit-invisible, and newcomers to the country. Vouched’s AI-powered solution correlates with the dynamic nature of today’s modern consumer, who has more information attached to their unique identity than ever before. By efficiently interpreting their unique data and biometrics, Vouched accelerates access to services while minimizing fraud.
Pioneering Proprietary Technology: Vouched leads the industry with its proprietary AI, global computer vision technology, and proprietary machine learning (ML) data models. Vouched uniquely applies dozens of AI-models along with robust data checks that work simultaneously to verify individuals and identify more than 99.58% of known fraud cases – among the highest fraud sensitivity detection rates in the industry.
Visual identity verification is complex, involving high user input variability and potential security implications. Vouched has developed proprietary deep-learning models to detect and classify identity documents, and extract and match biometric information to related ID artifacts while detecting and flagging bogus and fraudulent evidence. Vouched also has a document classification framework that utilizes zero-shot learning to classify new and unseen documents seamlessly.
Adaptive Scalability & Flexibility: Vouched’s solution is highly scalable and responsive to new emerging forms of identification, providing immediate value with same-day implementation. Unlike other IDV solutions that are reliant on third-party technologies, Vouched is adaptive to ensure customers meet growth and acquisition goals, while maintaining compliance requirements through a proven, deterministic decision process that leads the industry in definitive response rates.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 66 words used.
https://www.vouched.id/learn/news/boost-your-id-verification-with-enhanced-capture-extraction - provides more detail on Vouched’s Enhanced Capture & Extraction product
https://www.vouched.id/learn/news/growth-veteran-peter-horadan-joins-seattle-identity-verification-startup-vouched-as-ceo-to-drive-next-phase-of-growth - details Vouched’s new CEO appointment
https://www.vouched.id/learn/news/vouched-maker-of-ai-powered-identity-verification-technology-soars-into-the-inc.-5000-with-2443-three-year-growth?hsLang=en - news announcement of Vouched’s placement on the Inc. 5000 list
https://www.vouched.id/learn/news/vouched-exceeds-20-million-people-verified?hsLang=en - provides information on Vouched exceeding 20 million people verified
https://www.vouched.id/learn/news/vouched-raises-6-3-million-to-expand-its-ai-driven-identity-verification-offering-to-telemedicine-and-healthcare-providers?hsLang=en - details Vouched’s fundraise
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