ID.me said on Wednesday it had raised $340 million across its latest funding round, combined with a credit facility, led by investment firm Ribbit Capital, valuing the digital identity wallet at over $2 billion. The Series E round included participation from existing investors Ares Capital and Moonshots Capital, along with new investor Positive Sum. The funding would be targeted towards preventing AI-driven fraud. WHY IT'S IMPORTANT Despite macroeconomic uncertainties, private venture capital