Our software won some serious hardware
Deduce is closing out the winter season with a flurry of exciting announcements. First up: Fast Company included us on its list of The World’s (50) Most Innovative Companies, joining the likes of Microsoft, Stripe, and SpaceX.
Even better (catches breath), Fast Company awarded us the number one spot in the security category.
We can’t think of a better way to punctuate the growth of our Deduce Identity Network, which recently surpassed 450 million anonymized profiles and 1.4 billion daily activities across 150,000+ websites and apps—all fully privacy-compliant. These big numbers spell big-time problems for fraudsters, and we’re humbled that Fast Company named us the top innovator alongside other impressive cybersecurity solutions.
In response to the Fast Company honor, our founder/CEO Ari Jacoby highlighted Deduce’s momentum over the past year, including 500% year-over-year growth. Jacoby emphasized how Deduce is “providing a critical yet previously unavailable capability” that prevents fraud while delivering a trusted user experience.
The trusted user experience piece is crucial. Deduce’s dynamic data adds an intelligence layer on top of friction-laden approaches like MFA, significantly curtailing account takeover, account creation fraud, and false positives. Less fraud and churn translates to happier customers, and mitigates reputational damage caused by data breaches.
The Fast Company news follows a momentous 2021 campaign in which we raised our Series A, moved the Deduce HQ from Philly to New York, bolstered our executive team, and received numerous accolades (AI Fintech 100, Stratus Awards, Fortress Cybersecurity Awards, and more). 2022 is shaping up to be our biggest year yet, and we still have more to celebrate before Q1 draws to a close—stay tuned!
For more on this announcement, check out Fast Company’s write-up on Deduce and the official press release.