Home/Investors
Pre-seed · raising now

Building the identity layer the U.S. never had.

There is no centralized, secure identity infrastructure suited to the modern economy — and no direct competitor pairing cryptographic tokenization with authorized agency transmission. We're raising to ship the core platform and certify our first agency channels.

The raise at a glance
StagePre-seed
Target$750K–$1.25M
InstrumentSAFE · $5M cap
Beachhead market~$16B
Annual filings in scope~245M+
MoatTwo-sided network

Figures are illustrative of the current round and roadmap, not commitments. Full terms in the data room.

The thesis

A 1936 identifier is running the modern economy.

The Social Security Number was never built to be a secret — yet it's the key to credit, employment, and benefits. Every form that asks for it creates one more copy in one more database waiting to be breached. The fix isn't another lockbox. It's removing custody entirely.

~245M
W-2 forms filed each year — one worker's SSN handed to an employer for each.Source: SSA — 2009 — Master Earnings File ↗
~6.9M
U.S. employers file those W-2s — every one a custodian of SSNs today.Source: SSA — 2009 — Master Earnings File ↗
~$16B
U.S. payroll & HR software — every vendor a custodian of identifiers.Source: IBISWorld — 2025 — HR & Payroll Software in the US ↗
$0
Raw identifiers a partner needs to hold with Othentity in place.
“Federal law makes a business collect the SSN. It never made them keep it. We turn a mandatory liability into a token they can hold safely.”
— The Othentity wedge, in one sentence
Market

Enter at the filing chokepoint. Expand to every authorization.

Payroll and HR is the wedge — a market where the SSN handoff is mandatory, repeated hundreds of millions of times a year, and increasingly a liability vendors want off their books.

TAM
~$33.9B

Global identity verification market by 2030 (~$11.5B in 2023) — the long-term surface for authorization-as-infrastructure.Source: Grand View Research — 2024 — Identity Verification Market Report ↗

Beachhead
~$16B

U.S. payroll & HR software — our integration channel, where the SSN handoff is mandatory. Each provider collects SSNs to file W-2s and 1099s and is a custodian today.Source: IBISWorld — 2025 — HR & Payroll Software in the US ↗

SOM
~245M W-2s

W-2 forms filed a year, each carrying a worker's SSN — our directly addressable transaction volume.Source: SSA — 2009 — Master Earnings File ↗

Product & moat

Why this compounds — and is slow to copy.

Two-sided network. Each verified individual makes Othentity more useful to every partner; each partner gives individuals more places to reuse one authorization.
Agency certifications are a moat. Becoming an authorized transmitter to the IRS and SSA is slow and process-heavy — a barrier that compounds once cleared.
Verify once, reuse everywhere. IAL2-aligned proofing happens a single time; every later authorization is a tap. Switching cost rises with each reuse.
Infrastructure, not a feature. Consent, tokens, and transmission ship as one embedded layer — sticky once it sits where the SSN field used to be.
The core platform
Identity VaultClient-side-encrypted store; sealed identifiers, KMS-wrapped (HSM-backed in production).
Tokenization EngineIssues opaque, scoped tokens; the only path to resolution.
API GatewayMulti-tenant entry; consent, filing, and webhooks in one.
Audit LoggerImmutable, per-tenant record of every action.
Roadmap

What the round funds.

Architecture & threat model finalized — vault isolation, tokenization, zero-trust service design. Done
Core services to production — Identity Vault, Tokenization Engine, API Gateway, Audit Logger. In progress
First agency channels certified — IRS FIRE / MeF and SSA transmission. Next
SOC 2 Type I — formal security attestation for enterprise partners. Next
Beachhead partners live — payroll & contractor platforms at the W-2 / 1099 filing peak. Next
Use of funds

Where the round goes.

Allocations are illustrative of the current plan. Detailed model and assumptions live in the data room.

Personnel — engineering & operations
55%
Legal & regulatory (IRS certification)
20%
Infrastructure & security (incl. SOC 2)
15%
Business development & partnerships
10%
Runway. This round funds the path to first certified channels and live beachhead partners — the milestones that de-risk the seed.
Get involved

Request an intro and data-room access.

Tell us a little about your fund or angle and we'll follow up with the brief and the full data room.

Please enter your name.
Enter a valid email.
Where are you investing from?
Interactive demo — no data is submitted. Access to the data room is reviewed before sensitive documents are released.

Thanks, there.

We'll review and follow up with the brief and data-room access. You can browse the public index of what's inside right now.

Browse the data room