{"version":1,"type":"story","url":"https://digestai.news/story/baselayer-raises-35-million-series-a-and-launches-agentic-identity-sui","json":"https://digestai.news/story/baselayer-raises-35-million-series-a-and-launches-agentic-identity-sui.json","markdown":"https://digestai.news/story/baselayer-raises-35-million-series-a-and-launches-agentic-identity-sui.md","slug":"baselayer-raises-35-million-series-a-and-launches-agentic-identity-sui","headline":"Baselayer raises $35 million Series A and launches Agentic Identity Suite","summary":"Baselayer, a San Francisco‑based startup that uses AI to verify businesses and assess fraud risk for banks and fintechs, announced a $35 million Series A led by M13. The round, which also included Picus Capital, Torch Capital, Afore Capital and Matt Thompson of Socure, brings the company’s total funding to roughly $40 million since its 2023 launch. Baselayer said the capital will fund the expansion of its identity network to cover AI agents.\n\nThe firm already serves more than 2,000 U.S. financial institutions – over 20 % of the market – with its Know‑Your‑Business (KYB) verification and fraud‑detection platform. It claims to have helped customers prevent more than $1 billion in fraud losses and reached eight‑figure revenue in under two years. The new Agentic Identity Suite introduces a “Know Your Agent” (KYA) credential that lets banks, merchants and payment processors confirm whether an AI agent is authorized to act on behalf of a person or business, aiming to curb the emerging “fraud on steroids” problem caused by autonomous software.","keyPoints":["Baselayer raised $35 million in Series A, bringing total funding to about $40 million.","Over 2,000 U.S. financial institutions – more than 20 % of the market – use its KYB and fraud platform.","The Agentic Identity Suite adds a “Know Your Agent” credential to verify AI agents’ authority."],"whyItMatters":"Identity verification for AI agents could become a core infrastructure layer for the growing agentic economy, helping banks and merchants manage new fraud risks.","category":{"slug":"business","name":"Business & Funding","url":"https://digestai.news/category/business"},"entities":{"companies":["Baselayer","M13","Picus Capital","Torch Capital","Afore Capital","Socure"],"models":[],"people":["Jonathan Awad","Timothy Hyde","Karl Alomar","Matt Thompson"]},"firstPublishedAt":"2026-09-22T12:40:00Z","updatedAt":"2026-09-22T12:40:00Z","sourceCount":1,"hasPrimarySource":false,"sources":[{"outlet":"news.crunchbase.com","title":"Baselayer, which uses AI to help financial institutions verify businesses and assess fraud risk, raised a $35M Series A led by M13, for ~$40M in total funding","url":"https://news.crunchbase.com/ai/verifying-ai-agents-baselayer-35m-raise","publishedAt":"2026-09-22T12:40:00Z","type":"press","primary":false,"lead":true}],"sourceNotes":null,"discussions":[],"thread":null,"cite":{"text":"Digest AI, \"Baselayer raises $35 million Series A and launches Agentic Identity Suite\", 22 September 2026, https://digestai.news/story/baselayer-raises-35-million-series-a-and-launches-agentic-identity-sui","publisher":"Digest AI","title":"Baselayer raises $35 million Series A and launches Agentic Identity Suite","datePublished":"2026-09-22T12:40:00Z","url":"https://digestai.news/story/baselayer-raises-35-million-series-a-and-launches-agentic-identity-sui"},"generatedBy":"Written by Digest AI's editorial model from the linked sources; the sources are the record.","license":"Headlines, digests and key points are written by Digest AI and may be quoted with a link to the story page. Linked articles belong to their publishers. Terms: https://digestai.news/terms#reuse"}