VeryAI, a startup focused on biometric identity verification, has successfully raised $10 million in a seed funding round led by Polychain Capital. The new funding will support the development of a palm-scan identity system intended to help crypto platforms identify real users versus AI-generated accounts while enhancing user privacy through on-chain verification.

The biometric system allows users to capture images of their palms using a smartphone camera, which are then transformed into encrypted biometric signatures, enabling user verification without revealing identifiable information.

Zach Meltzer, the founder and CEO of VeryAI, emphasized the increasing necessity of such systems in today’s digital landscape. He stated:

“We’re entering a period where the internet can no longer assume that every account, message, or video is created by a real person. AI is powerful, but it also breaks many of the trust assumptions that the internet was built on.”
This project also aims to mitigate risks associated with bots and deepfakes within various online platforms including crypto exchanges and fintech companies.

The technology leverages zero-knowledge proofs to ensure users can verify their identity across multiple platforms without compromising their personal data. The palm biometrics system seeks to improve upon traditional identity checks that often rely on more commonly exposed facial features.

VeryAI’s partnerships with organizations like MEXC and Colosseum will facilitate the integration of this innovative verification system. Additional investments came from the Berggruen Institute and Anagram, with notable angel participation from Anatoly Yakovenko, co-founder of Solana.