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Identity Startup Baselayer Raises $35M to Verify Whether AI Agents Are Authorized to Transact
Baselayer, a business-identity and fraud-verification startup, raised a $35M Series A led by M13 and launched its Agentic Identity Suite, including a 'Know Your Agent' (KYA) credential system. The credential is meant to let merchants, banks and platforms confirm an AI agent is authorized to act before allowing it to complete a purchase or transaction.
What changes for operators — If your company uses AI agents to book vendors, place orders, apply for accounts or otherwise transact with outside businesses on your behalf, this points to an emerging requirement: those agents may soon need a presentable credential proving who deployed them and what they're allowed to do, or they risk getting throttled or blocked as suspected fraud. Nothing is mandatory yet and no dominant standard exists, but companies running agentic workflows against payment processors, banks or e-commerce platforms should watch which credential schemes their vendors and partners start recognizing, since adoption cycles here run 12 to 24 months per Baselayer's own account of onboarding financial institutions and merchants.