(L-R) k-ID co-founders: Timothy Ma, Jeff Wu, Kieran Donovan, and Julian Corbett
k-ID, a Singaporean company aiming to simplify online safety and privacy management for game developers, parents, kids, and teens, has announced a US$45 million Series A funding round.
The investors are Andreessen Horowitz (a16z), Lightspeed Venture Partners, Konvoy, TIRTA, Okta, and Z Venture Capital.
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The new deal brings the firm’s total funding raised to date to US$51 million.
Founded by Kieran Donovan, Timothy Ma, Julian Corbett, and Jeff Wu, k-ID is a cross-platform, instant sign-on solution for kids and teens. It has been built as an all-in-one answer for solving the complex issue of privacy and online safety for young players globally.
The company has also announced a partnership with the ESRB Privacy Certified programme. It has configured its parent/family and developer portals to reflect the programme’s Children’s Online Privacy Protection Rule (COPPA)-based requirements. This partnership offers game publishers a way to leverage k-ID technology to help obtain the ESRB Privacy Certified Kids Seal.
“Kids today make friends and countless memories inside games and virtual worlds, and parents need modern tools to keep them safe,” said Jonathan Lai, General Partner at a16z. “k-ID is serving this need and defining a new industry standard for digital youth safety.”
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“Publishers are navigating new challenges with growing their user base under the age of 18 and complicated global compliance standards. We believe k-ID’s innovative solutions will streamline the challenges posed by the ever-changing regulatory landscape and pave the way for a safer online environment for our kids and teens,” said Hyung Kim from Z Venture Capital.
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Image Credit: k-ID
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