Baselayer raises $35M Series A and launches identity suite for AI agents

Business-identity company Baselayer raised a $35 million Series A led by M13 and launched the Agentic Identity Suite, which it describes as identity and fraud-prevention infrastructure for AI agents transacting with financial institutions.

Torch Capital, Picus Ventures, Afore Capital and Matt Thompson of Socure also took part in the round. Baselayer announced the financing and the product on 22 September 2026.

Baselayer says it serves more than 2,300 financial institutions, about one in five U.S. financial institutions by its own reckoning. It also claims its platform has prevented more than $1 billion in fraud losses. Both figures are Baselayer’s own and have not been independently verified.

“Agents don’t carry ID, and the infrastructure built to verify humans and businesses simply doesn’t recognize them,” said Timothy Hyde, Baselayer’s co-founder and CTO.

Karl Alomar, managing partner at M13, said the firm believes identity will become “one of the foundational infrastructure layers of the agentic economy.”

The company’s release names partners including FIS, Prove, Socure, Exa, Parallel Web Systems, Natural, Nevermined and Lane. It does not disclose use of proceeds or the valuation.