Stonebridge Ventures Completes Pre-Series A Investment in Argos Identity

$3 Million Investment from Stonebridge, BonAngels, and Others

On July 15, it was announced that five investors, including Stonebridge Ventures and BonAngels, have completed a pre-Series A investment in Argos Identity, an artificial intelligence (AI) identity platform company, amounting to 3 million dollars (approximately 4.6 billion won).

This round was co-led by Stonebridge Ventures and BonAngels, while existing investors Asia2G Capital and Kimgisa Lab participated as follow-on investors. Aton, a company specializing in authentication and security, also joined as a strategic investor (SI).

With this latest funding, Argos’s cumulative investment has reached 5 million dollars (approximately 7.7 billion won). The newly secured funds will be used to advance its AI agent-based verification automation technology, expand its market share in Korea, accelerate its entry into the US market, and recruit key talent.

Argos Identity is a global identity platform company offering AI-based eKYC (electronic Know Your Customer) and document verification technology. By combining liveness detection, optical character recognition (OCR), and forgery detection technologies, Argos enables accurate verification even in online environments.

Argos supports more than 4,000 types of IDs across over 195 countries worldwide. Companies such as Kakao Entertainment, NHN Link, YES24, Sentbe, and Hanpass are currently using Argos solutions.

Last year, Argos achieved 1 million dollars in revenue and has secured more than 35 corporate clients. Investors cited Argos’s growth and its strong potential to take the lead in the essential “digital trust infrastructure” market in the AI era as key reasons for their investment decision.

In May, the company launched “OMNI,” an AI agent-based automated verification service. OMNI is a platform that automates repetitive verification work by using AI agents to check, compare, cross-check, review, and investigate external documents and data.

Argos plans to evolve its platform beyond document automation, enabling it to verify not only people but also the identity and authority of AI agents in the future. After entering the US market in 2023, the company has been targeting the US East Coast and Central and South American markets with Washington D.C. as its base.

Wongyu Lee, CEO of Argos Identity, said, “Through this investment, we plan to further accelerate the automation of verification work and build a new trust infrastructure needed for the AI era. Going forward, it will become increasingly important not only to confirm whether users are real people, but also to verify on whose behalf and with what authority the AI agent is acting.”

Shin Sangrok, Senior Team Leader at Stonebridge Ventures, commented, “Argos possesses a high level of technological capability, rapid growth trajectory, and strong potential for global market expansion. We decided to invest because we believe the company has the capacity to build the essential trust infrastructure needed for the era of AI agents.”

This content was produced with the assistance of AI translation services.