Jumio Receives Undisclosed Investment From Citi Ventures

Jumio, which uses a Webcam to verify identity or scan credit cards, raised $25.5 million in March. The second round was led by Andreessen Horowitz. Today, Jumio announced that it topped off that round with an undisclosed sum from Citi Ventures. To date, the company has raised $35.4 million.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work