VeryAI Secures $10M for Palm-Scan Tech With 1-in-100 Trillion Accuracy
On March 12, identity verification startup VeryAI announced it raised $10 million in a seed funding round led by Polychain Capital. The capital is designated for the development of its “Proof of Reality” platform, a system designed to counter the growing threat of AI-generated identities and deepfakes. The round also saw participation from Berggruen Institute and Anagram, with Solana co-founder Anatoly Yakovenko joining as an angel investor.
VeryAI's core product is a hardware-free biometric system that uses a standard smartphone camera to scan a user's palm. The company claims this method is substantially more secure than existing solutions, citing a false acceptance rate of approximately one in 10 million for a single hand. When both hands are used, the accuracy improves to a near-perfect rate of one in 100 trillion, far exceeding the typical one-in-a-million rate for many facial recognition systems. This enhanced security stems from the fact that palm prints are less publicly exposed online than facial images, making them significantly harder for malicious actors to replicate.
Solana-Based System Uses Zero-Knowledge Proofs to Protect Data
The platform is built on the Solana blockchain, leveraging its low transaction costs and fast finality to record identity attestations on-chain. To ensure user privacy, VeryAI's architecture does not store raw palm images. Instead, it converts the scan into an irreversible mathematical representation. This process, combined with Zero-Knowledge Proofs (ZKP) and the Solana Attestation Service (SAS), allows users to prove they are human across different applications without revealing their underlying biometric data or personal information.
Every major platform, whether in finance, crypto, or social media, is grappling with the risks of AI-driven fraud. VeryAI’s palm verification technology closes that gap with accuracy, privacy and accessibility that no other biometric identity solution has yet to match.
— Olaf Carlson-Wee, Polychain Capital.
B2B Model Targets Crypto Exchanges Facing Rising AI Threats
VeryAI is deploying its technology through a business-to-business (B2B) model, providing its verification service to organizations that require strong identity assurance. The company will charge partners, including crypto exchanges, fintech firms, and social media networks, based on their monthly verification activity. It has already begun working with platforms such as MEXC, Colosseum, Clique, and Talus.
This funding addresses an intensifying market need for robust "proof-of-human" systems as generative AI erodes trust in digital interactions. Unlike other projects such as Worldcoin, which uses custom hardware for iris scans, VeryAI’s software-only approach allows for rapid deployment on the vast majority of existing smartphones. By providing a scalable and privacy-preserving solution, the company aims to establish a new security standard for verifying human identity in an increasingly automated digital world.
