Baselayer Raises $35M Series A to Expand Identity Infrastructure for AI Agents
Baselayer, an identity and risk infrastructure company used by over one in five financial institutions, has raised a $35 million Series A led by M13. The funding will support the launch of its Agentic Identity Suite, designed to address trust issues arising from autonomous software agents transacting on behalf of individuals or businesses. The rise of agentic commerce is outpacing traditional identity verification systems built for humans and companies. Stripe reported that 70% of API commands now come from AI agents, while major payment networks like Visa, Mastercard, and American Express have introduced agent protocols. Baselayer aims to provide a secure framework answering questions such as who an agent represents and whether it is authorized. Founded in 2024 by Timothy Hyde and Jonathan Awad, the company already helps prevent over $1 billion in fraud for its clients. It now plans to expand this infrastructure into agentic commerce while working with industry groups like FIDO Alliance and x402 Identity Working Group.
Topics: agentic_commerce fraud_prevention identity_verification Series_A_fundraising