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§ Private Profile · 1187 Starling Ridge Crt San Jose, CA 95120 United States
Zumigo Inc. is a company.
Zumigo Inc. has raised $6.4M across 2 funding rounds.
Key people at Zumigo Inc..
Zumigo Inc. has raised $6.4M in total across 2 funding rounds.
Zumigo Inc. provides authoritative mobile identity information, delivering solutions that verify legitimate users while actively preventing digital fraud. The company's core offering leverages real-time network intelligence and multi-sourced risk signals to address issues like fake account creation, credential theft, and customer impersonation. Their technology ensures secure digital interactions by accurately assessing risk associated with mobile identities.
Chirag Bakshi founded Zumigo in 2008, recognizing the escalating need for robust mobile identity verification in an increasingly digital world. The company was conceived from the insight that reliable identity checks were crucial to securing transactions and protecting individuals and businesses from the financial and reputational damage caused by sophisticated fraudulent activities.
Leading global enterprises utilize Zumigo's products to safeguard their digital ecosystems. These clients span various sectors, including retail, where preventing fraud in online transactions and mobile app usage is paramount. Zumigo's long-term vision centers on enabling a secure digital landscape where businesses can confidently conduct operations, ensuring trusted interactions and protecting identity-related attack surfaces.
Zumigo Inc. has raised $6.4M across 2 funding rounds. Most recently, it raised $6.0M Zumigo - Series B in August 2014.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2014 | $6M Series B | Hank Skorny | Aligned Partners | Announced |
| Dec 28, 2010 | $420K Venture Round | — | — | Announced |
Zumigo Inc. is a cybersecurity company specializing in digital identity verification and fraud prevention, offering real-time mobile identity authentication to protect businesses from fraudsters creating fake accounts, stealing credentials, or completing fraudulent transactions.[1][2][3][5] Its flagship product, DeRiskify, is an award-winning e-commerce anti-fraud solution that enhances customer onboarding, eliminates passwords, and provides transaction insights, serving enterprises in financial services, payments, telecom, and e-commerce across 180+ countries with support from 800+ global mobile operators and 250+ clients.[1][3][4][5] The company has raised $7.97M in funding, employs around 27 people, generates $12.2M in annual revenue, and has shown strong growth, including 100% business expansion since launching its privacy-compliant Zumigo Assure Identity platform in 2021 and DeRiskify in 2022.[1][2][3]
Founded in 2008 in San Jose, California, Zumigo emerged to address the growing need for authoritative mobile identity verification amid rising digital fraud.[1][2][3] The company built its foundation on a unique network spanning global carriers, third-party data analytics, databases, and payment providers, enabling real-time user validation.[4][5] Early traction came from partnerships with major VCs like Aligned Partners, Wells Fargo Ventures, Intel Capital, and Capital One Growth Ventures, supporting its expansion to serve worldwide enterprises; a pivotal moment was the 2021 launch of the zero-knowledge Zumigo Assure Identity platform, followed by DeRiskify in 2022, driving record 100% growth in transactions, operators, and users.[1][3][4]
Zumigo stands out in the fraud prevention market through these key strengths:
Zumigo rides the explosive growth of digital identity fraud prevention, fueled by data breaches, account takeovers, and e-commerce scams that bypass traditional firewalls by targeting users directly.[5] Its timing aligns with surging demand for privacy-focused, passwordless authentication amid regulations like KYC/AML and the shift to mobile-first transactions, where cybercriminals exploit stolen PII.[1][5] Market forces favoring Zumigo include the expansion of global e-commerce, fintech, and telecom—sectors needing scalable, carrier-grade verification—positioning it to influence ecosystem trust by enabling secure onboarding and reducing fraud losses for 250+ enterprises.[3][4][5] By collaborating with carriers and data providers, Zumigo helps set standards for multi-source identity intelligence, countering fraud's evolution in a post-perimeter security world.[5]
Zumigo is poised for continued acceleration, building on 100% growth and recent innovations like DeRiskify enhancements and partnerships (e.g., GDS Link in June 2025) to capture more e-commerce and fintech market share.[3][5] Trends like AI-driven fraud, rising passwordless adoption, and global regulatory pressures on identity verification will propel demand, potentially expanding its network and client base further.[1][5] Its influence may evolve from niche mobile authenticator to broader digital trust leader, as enterprises prioritize real-time, multi-layered defenses—reinforcing its role in protecting the digital journey from fraud's frontline threats.[4][5]
Key people at Zumigo Inc..
Zumigo Inc. has raised $6.4M in total across 2 funding rounds.
Zumigo Inc.'s investors include Hank Skorny, Aligned Partners.
