Israeli Startup Awarded Top Innovation in Edison Awards

Israeli identity validation startup Identiq, which helps companies overcome the online challenge of user verification, has won the 2024 Edison Award, a set of prizes handed out to top innovations and innovators, for top innovation for risk-based decisions in a fully private environment.

The Tel Aviv-based startup’s proprietary technology allows companies to jointly validate consumer identities in order to verify them without sharing or exposing any private data. Other solutions on the market today tend to rely on the need to reveal personal information or other sensitive data.

“Until now, companies have been unable to collaborate with peers to solve one of today’s most pressing issues: how can we trust that someone is who they say they are,” said Identiq’s CEO and co-founder Itay Levy.

“By creating a new standard in privacy with our fully anonymous identity resolution technology, we break down those barriers by keeping data fully private, while simultaneously ensuring that businesses and customers are safe from fraud and risk.”

The Edison Awards is an annual competition recognizing innovations across various sectors, including foodtech, security and healthcare, with companies from all over the world participating. Previous winners include industry giants such as Apple and Intel.