Indicio, a digital identity startup, secured funding from NEC X to expand its password-free, encrypted identity platform for people, devices, and AI.

Indicio, a startup developing user-controlled digital identity solutions, has received a strategic investment from NEC X, a venture studio backed by NEC Corporation, to expand its work in decentralized identity. The funding supports participation in NEC X’s Elev X! Boost program, providing resources to scale its self-sovereign identity (SSI) platform. Using advanced encryption, Indicio enables secure, instant verification of identities for people, organizations, devices, and AI agents without centralized databases or passwords. The technology is already being tested in a pilot with SITA and Aruba’s government, allowing travelers to use smartphone-based digital credentials instead of physical passports. Recognized by Gartner and Juniper Research as a market leader, Indicio aims to help industries like travel, finance, and education build privacy-preserving systems. With the SSI market projected to reach $47.1 billion by 2029 and 500 million smartphone users expected to adopt digital identity wallets by 2026, the company is expanding its infrastructure to include verifiable identity for AI and connected devices, supporting a more secure and trusted digital future.