Evernym

About Evernym

Evernym, Inc. operates as a key developer of verifiable credential and self-sovereign identity (SSI) technology, providing software and applications for organizations to establish trusted digital relationships. Founded in 2013 by Timothy Ruff and Jason Law, the Salt Lake City-based company was a foundational force in the decentralized identity movement. Timothy Ruff brought over 25 years of sales experience, including significant revenue growth leadership at previous ventures, while Jason Law provided 20 years of engineering and IT expertise, having served as CTO/CIO at Finicity.

The company's business model centers on enabling organizations to issue, accept, and verify digital credentials, which function like a digital passport, thereby giving individuals control over their own data. Evernym's primary product, the Verity platform, launched in 2018 and is designed for enterprise-grade verifiable credential exchange. Verity allows businesses to integrate SSI through a REST API and SDKs in languages like Java, Python, and Node.js, supporting use cases such as passwordless single sign-on, remote onboarding, and KYC/AML checks. The platform is built on open standards, including contributions to Hyperledger Indy and Aries, ensuring interoperability and avoiding vendor lock-in. Other offerings include Connect.Me, a consumer mobile wallet for managing digital credentials, and an embedded wallet SDK.

Evernym has served a diverse client base across financial services, healthcare, and travel, working with over 50 organizations including Barclays, Deutsche Telekom, Novartis, and the U.S. Department of Homeland Security. A significant milestone was its role in developing the technology behind the IATA Travel Pass, a digital credential for verifying travel and health documents. The company raised approximately $15-16.5 million in funding over several rounds, with notable investments from Barclays Ventures and Medici Ventures. In a pivotal development, Evernym was acquired by cybersecurity firm Avast in December 2021, a move intended to accelerate the adoption of decentralized identity by integrating Evernym's technology into Avast's global platform.