Safety tech provider, VerifyMy, has closed a £5 million fundraising round as the company looks to capitalise on the global wave of age and identity-related regulation and the growing need for content moderation services.
The investment has come from a group of angel investors including Marijn Muyser, one of the founders at Booking.com.
VerifyMy has two products live in the market – VerifyMyAge, an industry-leading age assurance solution and VerifyMyContent, an end-to-end content moderation solution which combines identity authentication, AI and human moderation and complaints resolution. VerifyMyContent was built to specifically meet Mastercard’s requirements in the adult entertainment space.
The company, whose age assurance clients include eBay and Toolstation, will use the new investment to grow the team and fast-track product development as it looks to leverage regulatory tailwinds including the UK’s Online Safety Bill, the EU Digital Services Act, California’s Children’s Code and numerous pieces of US state legislation targeting the pornography and social media sectors.
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