Jumio Grows Sales 70 Percent and Customer Count by 60 percent YOY in 2018
Last update: 07/02/2019
Growth fueled by geographic expansion and broad adoption of AI-powered identity verification solutions
PALO ALTO, Calif., Feb 7 (Bernama) --Jumio, the leading AI-powered trusted identity as a service provider, today announced that its 2018 customer count grew 60 percent and sales grew 70 percent year-over-year. This continued company momentum speaks to significant market opportunity and demand for biometric-based identity verification and Jumio’s ability to help enterprise clients reliably and quickly verify that a new visitor is who they claim to be.
“2018 was a tremendous year for Jumio and it’s been fueled by a number of factors including a steady barrage of high-profile data breaches, dwindling confidence in traditional forms of verification including two-factor authentication and knowledge-based authentication, and our expansion into Asia Pacific,” said Stephen Stuut, CEO of Jumio. “There is also a direct connection between a successful 2018 and Jumio’s continued investment in AI, machine learning and augmented intelligence — we were able to improve our own identity verification offerings and make them faster and even more accurate.”