Confirmed: Entrust is buying AI-based ID verification startup Onfido, sources say for more than $400M

TechCrunch reports that **Entrust** is acquiring **Onfido** in early, exclusive negotiations for about $650 million, with plans to integrate Onfido’s AI-driven identity verification (e.g., Atlas AI) into Entrust’s broader identity and trust services. The deal, pending regulatory approval, underscores consolidation in digital identity amid rising breach concerns, expanding attack surfaces, and tighter regulations, as Entrust leverages its profitability and large customer base to strengthen end-to-end identity lifecycle offerings.