# Baselayer raises $35 million Series A and launches Agentic Identity Suite

Digest AI · Business & Funding · published 2026-09-22T12:40:00Z

Canonical: https://digestai.news/story/baselayer-raises-35-million-series-a-and-launches-agentic-identity-sui

## 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.

The 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.

## Key points

- 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.

## Why it matters

Identity verification for AI agents could become a core infrastructure layer for the growing agentic economy, helping banks and merchants manage new fraud risks.

## Sources

1. [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](https://news.crunchbase.com/ai/verifying-ai-agents-baselayer-35m-raise) (news.crunchbase.com, 2026-09-22)

## Cite

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

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