SpruceID
AI NativeReimagining Trusted Interactions
Est 2020|Valuation $249M|Raised $41.8M
Published Sep 27, 2026
| Starting Price | Not publicly listed (quote-based) | Pricing typically tied to Entra licensing; published licensing/pricing available from the vendor | Enterprise quote-based; VC modules often part of larger enterprise packages |
| Primary market | Government agencies implementing mDL/VDC issuance and verification with integration needs | Organizations standardized on Microsoft identity stack requiring credential verification | Enterprises seeking IAM plus VC capability with governance in a single-vendor ecosystem |
| Key strengths | Public association with state mDL deployments; active open-source involvement and standards engagement | Integration within Microsoft identity/security ecosystem and broad enterprise reach | Established IAM capabilities combined with emerging credential features and enterprise sales/support infrastructure |
| Key weaknesses | Limited public security/compliance disclosures and limited public review-platform footprint; acceptance depends on verifier ecosystem | Licensing complexity and Microsoft dependency for organizations not standardized on Microsoft | Potentially higher cost and complexity for organizations seeking a purpose-built mDL solution |
—