Incode
Manager
Fund |
Fund manager
Co-invested company
sector
Technology / Software
regional split
North America
vintage
status
Portfolio
category
Unicorn
General Atlantic 2021
General Atlantic

Incode

Co-invested company
The artificial intelligence platform that is reinventing and securing digital identity verification.
Incode is a tech unicorn specializing in identity verification. Its software enables companies to verify their users' identities in less than a second using facial recognition, thereby combating fraud in a seamless, fast, and ultra-secure manner.
Incode's offices, part of the portfolio Fund manager private equity Fund manager  General Atlantic

Incode key figures

1,25 bn
valuation in 2026
99%
rate of fraud reduction among its customers
+ 100 M
identity checks / year
< 1
seconds for the algorithm to detect fraud
Data as at
1/8/26
*Source: Public data from companies’ websites and social media accounts. For more up-to-date information, we invite our investors to view the report made available on their space.

The fpci The Altaroc Odyssey private equity fund is no longer accepting new investments.

About Incode

In the digital age, verifying one’s identity online has become a major challenge for banks, hospitals, and rental apps. Traditional verification processes often involve long wait times, discourage customers, and remain vulnerable to increasingly sophisticated fraud attempts. Founded in 2015 in San Francisco, Incode has developed a next-generation authentication platform to secure these transactions.

The company has developed proprietary artificial intelligence technology that analyzes official documents and instantly compares them with the user's face via the phone's camera. This system guarantees absolute protection of personal data, as the analysis is performed locally and is fully automated, without any human intervention.

The effectiveness of this model has attracted a huge number of major investors. Thanks to a major $220 million funding round backed by General Atlantic SoftBank, the company has reached a valuation of $1.25 billion. Today, Incode is rolling out its solution to major financial institutions and global hospitality companies, reducing identity theft attempts by nearly 99% among its clients while streamlining access to their services.

In the same sector as Incode

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