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AIQuiet 4d · day 4

Baselayer raises $35M to verify AI agents for financial institutions

The identity verification startup expands from business verification to building trust infrastructure for autonomous agents.

newest coverage 4d agosummary written 3d ago3 pieces Newswires

What to know

  • Baselayer, already used by 2,300+ financial institutions for business verification, is expanding into AI agent authentication as autonomous agents increasingly conduct financial transactions on behalf of businesses.
  • The $35M Series A funds development of "Know Your Agent" technology to verify whether AI agents are legitimate or fraudulent—addressing a gap in fraud infrastructure designed only for humans and companies.
  • McKinsey estimates agentic commerce could redirect $3–5 trillion of global retail spending by 2030, making trustworthy agent verification critical infrastructure as adoption accelerates.
  • Stripe reports 70% of API requests developers once made manually are now issued by agents; Shopify, Visa, Mastercard and American Express have all shipped agent commerce protocols in the past year.

“We already help one in five U.S. financial institutions answer, 'Can I trust this business?' Now we're building the infrastructure they need to answer, 'Can I trust this agent, who does it represent, and what is it allowed to do?'”

Jonathan Awad, Baselayer co-founder and CEO · Tech Funding News ↗

Jonathan Awad Baselayer co-founder and CEOTimothy Hyde Baselayer co-founder and CTOM13 Series A lead investor

Baselayer raises $35M to verify AI agents for financial institutions
news.crunchbase.com

How it unfolded 2 developments, newest first · click a bar or a number to jump articles

Peak 2 pieces in one hour at Sep 22, 8 AM; 3 pieces over 4 days (3 articles) Sep 22, 7 AM — 1 piece · 1 article — Newswires 1Sep 22, 8 AM — 2 pieces · 2 articles — Newswires 2Sep 22, 9 AM — quietSep 22, 10 AM — quietSep 22, 11 AM — quietSep 22, 12 PM — quietSep 22, 1 PM — quietSep 22, 2 PM — quietSep 22, 3 PM — quietSep 22, 4 PM — quietSep 22, 5 PM — quietSep 22, 6 PM — quietSep 22, 7 PM — quietSep 22, 8 PM — quietSep 22, 9 PM — quietSep 22, 10 PM — quietSep 22, 11 PM — quietSep 23, 12 AM — quietSep 23, 1 AM — quietSep 23, 2 AM — quietSep 23, 3 AM — quietSep 23, 4 AM — quietSep 23, 5 AM — quietSep 23, 6 AM — quietSep 23, 7 AM — quietSep 23, 8 AM — quietSep 23, 9 AM — quietSep 23, 10 AM — quietSep 23, 11 AM — quietSep 23, 12 PM — quietSep 23, 1 PM — quietSep 23, 2 PM — quietSep 23, 3 PM — quietSep 23, 4 PM — quietSep 23, 5 PM — quietSep 23, 6 PM — quietSep 23, 7 PM — quietSep 23, 8 PM — quietSep 23, 9 PM — quietSep 23, 10 PM — quietSep 23, 11 PM — quietSep 24, 12 AM — quietSep 24, 1 AM — quietSep 24, 2 AM — quietSep 24, 3 AM — quietSep 24, 4 AM — quietSep 24, 5 AM — quietSep 24, 6 AM — quietSep 24, 7 AM — quietSep 24, 8 AM — quietSep 24, 9 AM — quietSep 24, 10 AM — quietSep 24, 11 AM — quietSep 24, 12 PM — quietSep 24, 1 PM — quietSep 24, 2 PM — quietSep 24, 3 PM — quietSep 24, 4 PM — quietSep 24, 5 PM — quietSep 24, 6 PM — quietSep 24, 7 PM — quietSep 24, 8 PM — quietSep 24, 9 PM — quietSep 24, 10 PM — quietSep 24, 11 PM — quietYesterday, 12 AM — quietYesterday, 1 AM — quietYesterday, 2 AM — quietYesterday, 3 AM — quietYesterday, 4 AM — quietYesterday, 5 AM — quietYesterday, 6 AM — quietYesterday, 7 AM — quietYesterday, 8 AM — quietYesterday, 9 AM — quietYesterday, 10 AM — quietYesterday, 11 AM — quietYesterday, 12 PM — quietYesterday, 1 PM — quietYesterday, 2 PM — quietYesterday, 3 PM — quietYesterday, 4 PM — quietYesterday, 5 PM — quietYesterday, 6 PM — quietYesterday, 7 PM — quietYesterday, 8 PM — quietYesterday, 9 PM — quietYesterday, 10 PM — quietYesterday, 11 PM — quietToday, 12 AM — quietToday, 1 AM — quietToday, 2 AM — quietToday, 3 AM — quietToday, 4 AM — quietToday, 5 AM — quietToday, 6 AM — quietToday, 7 AM — quietToday, 8 AM — quiet 1–2
Sep 23Sep 24yesterdaynow · 9:20 AM ET
  1. 2

    Baselayer's scale and market opportunity detailed in coverage

    Coverage reveals Baselayer already serves over 2,300 financial institutions and payments companies representing over 20% of U.S. financial institutions. The company has reached eight-figure revenue in less than two years and claims to have prevented over $1 billion in fraud losses. McKinsey estimates agentic commerce could redirect $3-5 trillion of global retail spending by 2030, highlighting the market urgency for AI agent verification infrastructure.

    1. 1 outlet Baselayer raises $35M led by M13 to build the trust layer for AI agents

      first by Tech Funding News, 4d ago

  2. 1

    Baselayer raises $35M Series A to expand into AI agent verification

    Baselayer announced a $35 million Series A led by M13, with participation from Picus Capital, Torch Capital, Afore Capital and Matt Thompson of Socure. The round brings total funding to approximately $40 million since inception. The company is using the capital to launch its Agentic Identity Suite and develop "Know Your Agent" (KYA) technology to verify whether AI agents are authorized to act on behalf of businesses.

    “Agents spin up and they spin down. How can you trust this random one-task agent?”
    — Jonathan Awad
    1. 1 outlet 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

      first by Crunchbase News, 4d ago

    2. 1 outlet Exclusive: Can You Trust That AI Agent? Baselayer Raises $35M To Help Companies Decide

      first by Crunchbase News, 4d ago

  3. background

    Awad and Hyde found Baselayer to modernize business verification — Jonathan Awad and Timothy Hyde started Baselayer in February 2023, focusing on helping financial institutions verify businesses and assess fraud risk. Awad describes the mission as bringing "risk assessment to the 21st century."