Atlanta companies are attracting new investment

Atlanta-based security company Evident ID has secured $20 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on May 9 and led by Aspect Ventures.

According to its Crunchbase profile, "Evident is a stealth-mode startup focused on adding authenticity to the Internet. At Evident, we simplify the complicated world of personal data and security giving companies and individuals the ability to embark on trusted interactions and transactions like never before. With Evident, you’ll be fully informed."

The three-year-old startup also raised an $8.8 million Series A round in 2017.

The round brings total funding raised by Atlanta companies in internet services over the past month to $129 million. The local internet services industry has produced 28 funding rounds over the past year, raking in a total of $1.1 billion in venture funding.

In other local funding news, real estate and communities company PadSplit announced a $4.6 million seed funding round on April 18, led by Core Innovation Capital.

According to Crunchbase, "PadSplit uses shared living to make housing more affordable for the workers that need it most, empowering them to build savings and transform their lives. We align incentives among residents, property owners and communities to make affordable housing possible for the private market."

The company also raised a seed round earlier this year.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.