Prove Identity vs Tracecat
Side-by-side comparison of AI visibility scores, market position, and capabilities
Rebranded from Payfone in 2022; $1.33B valuation (Series I); 1B+ identity verifications/year using carrier-grade phone signals; used by 8 of top 10 US banks.
About
Prove Identity (formerly Payfone) is a leading identity verification and authentication platform that leverages carrier-sourced phone intelligence to confirm consumer identities in real time. Founded in 2008 and headquartered in New York City, the company has built direct data integrations with major US wireless carriers, enabling it to verify identities using authoritative signals such as phone number tenure, SIM swap history, device possession, and account-level carrier data — without relying on knowledge-based authentication or document scans.
SF YC W24 open-source SOAR security automation deployed by 200+ orgs (Fortune 500 + federal); $500K-$2M seed on Temporal's durable execution with 100+ integrations competing with Splunk SOAR and Tines for security incident response.
About
Tracecat is a San Francisco-based open-source security automation platform — backed by Y Combinator (W24) with $500,000-$2 million in seed funding from Y Combinator, Pioneer.app, Pioneer Fund, and SurgePoint Capital — providing security operations, IT, and infrastructure teams with a modern, cost-effective alternative to commercial SOAR (Security Orchestration, Automation, and Response) tools for automating security alerts, incident response, and IT workflows. Deployed by 200+ organizations from Fortune 500 companies to federal agencies, Tracecat is built on Temporal's durable execution platform (used by Datadog, Netflix, and Stripe) and offers 100+ integrations, AI-assisted runbooks, case management, and lookup tables. Founded in 2024 by Chris Lo and Daryl Lim.
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