Baselayer, a startup focused on identity and fraud risk for financial institutions, has closed a $35 million Series A round led by M13. The company's existing technology helps banks and other financial firms verify businesses and evaluate fraud risk before engaging with them.
The new capital will be used to extend that capability to AI agents. As AI agents increasingly act on behalf of companies, Baselayer aims to give financial institutions a way to decide whether those agents can be trusted, according to the report.
The Crunchbase article is the only source for this information, and it does not include any contrasting views or additional details about valuation or revenue. The significance lies in the expansion of identity verification into a new class of actors: autonomous software agents.