VeryAI Raises $10M to Launch Palm-Scan Identity Verification on Solana
The post VeryAI Raises $10M to Launch Palm-Scan Identity Verification on Solana appeared on BitcoinEthereumNews.com.
Existing authentication methods, such as facial recognition, CAPTCHAs, and two-factor codes, are experiencing growing constraints as the generation of synthetic information gets more straightforward. The method that VeryAI employs is based on palm biometrics, which is a kind of identification that is not only very unique but also seldom disclosed to the general public. VeryAI, a Proof of Reality platform that focuses on verifying human identifty in an AI-driven digital world, made the announcement today that it has secured a seed investment round of ten million dollars. Polychain Capital is the lead investor in this round, while Berggruen Institute and Anagram are also participating. Additionally, the financing coincides with the introduction of the business’s first product, which is a hardware-free palm scan verification system meant to address the rising hazards of AI-generated identities and deepfakes. This round represents the first time that the company has completed a capital raise. Existing authentication methods, such as facial recognition, CAPTCHAs, and two-factor codes, are experiencing growing constraints as the generation of synthetic information gets more straightforward. The amount of time that it takes for attackers to penetrate systems has grown by 22 percent since 2023, with breaches now happening in an average of 48 minutes. This information comes from data collected by stakeholders in the industry. The method that VeryAI employs is based on palm biometrics, which is a kind of identification that is not only very unique but also seldom disclosed to the general public. By using the camera of a smartphone, the system is able to acquire palm scans without the need for any specific gear. When it comes to validating a single hand, the business claims that their verification model has a false acceptance rate of around one in ten million. This is in contrast to the approximately one in one million…
Filed under: News - @ March 13, 2026 12:16 am