Mitek Acquires ID R&D

Mitek, a provider of digital identity verification solutions, has acquired ID R&D, a provider of artificial intelligence (AI)-based voice and face biometrics and liveness detection in a stock transaction said to be worth $49 million.

"Today's consumers are transacting in a digital-first world, and they expect to trust technology to keep them safe against burgeoning threats. Identity verification has never been more relevant," said Max Carnecchia, CEO of Mitek, in a statement. "Rapid advances in artificial intelligence are enabling novel forms of fraud, which means technologies like those pioneered by ID R&D are critical in this fight."

"Consumers want an easy, frictionless experience. We are proud to join Mitek to scale our leading voice biometrics, facial liveness, and deepfake detection technologies," said Alexey Khitrov, CEO of ID R&D, in a statement. "This move accelerates our vision to be the industry's center of excellence to fight fraud more seamlessly without inconveniencing customers."

In addition to integrating into the Mitek solution, ID R&D will continue to offer its core biometric components directly to the market. ID R&D will also continue to operate under its brand.