LexisNexis Risk Solutions veteran will lead the company’s sales and go-to-market strategy
Vouched, the leader in AI-powered identity verification for healthcare, banking, and financial services, today announced the appointment of healthcare IT sales executive David McGrath as its new VP of Sales. McGrath will lead sales and go-to-market strategy across all verticals, with a particular focus on driving growth in the healthcare sector to significantly contribute to the company’s ambitious revenue growth goals.
McGrath joins Vouched from Human API, a healthtech startup which was acquired by LexisNexis Risk Solutions, where he served as Platform Sales Executive. He has also held senior sales roles at Qlik, BluePrism, Oracle, and ADP, with a focus on healthcare data services and payers.
“Catering to the rapidly evolving needs of the healthcare sector is a top priority in our growth strategy,” said Peter Horadan, CEO of Vouched. “David brings a strong B2B Saas sales background with deep expertise in selling to the healthcare sector. He will be a tremendous asset to our team during this period of rapid growth.”
As VP of Sales, McGrath will develop and execute Vouched’s go-to-market strategy and objectives, identify new use cases that can be applied across multiple target markets, manage significant enterprise deals, and inform product feature development with customer feedback.
“Vouched is solving the most complex identity verification challenges today in healthcare, commerce, and cybersecurity,” said David McGrath, VP of Sales at Vouched. “I am looking forward to applying my expertise in the healthcare sector to grow Vouched’s customer base in that segment and to grow alongside the company.”
This appointment follows the recent appointment of CEO Peter Horadan, as well as a series of successes for Vouched. The company recently celebrated placing among the top 3% of fastest growing companies in the U.S., as part of the Inc. 5000 list, as well as placing on the Geekwire 200 List. It also won the 2023 AI Breakthrough award and was a 2024 Hackernoon Startup of the Year winner. In addition, Vouched recently expanded its solution by launching Enhanced ID Capture and Extraction, which uses live video to drive up verification accuracy. Vouched has been used to verify over 20 million identities as part of essential business processes.
Vouched has raised $18M to date as a result of its rapid growth, with investors including Flying Fish, Seachange Ventures, Madrona Ventures, Spring Rock Ventures, and more.
To learn more about Vouched, visit: https://www.vouched.id/.
About Vouched
Vouched’s AI-powered identity verification (IDV) solution enables businesses to authenticate individuals with ease and meet critical regulatory requirements. The platform’s real-time decisioning engine delivers the fastest and most reliable responses in the industry. For instance, telehealth providers leveraging Vouched have experienced a 2-3x boost in patient onboarding rates. Furthermore, Riders Share, a motorcycle-sharing service, saw a substantial decrease in fraud-related losses—from over $1 million to nearly zero incidents of motorcycle theft and fraud—thanks to Vouched’s robust technology.
Utilizing proprietary AI models and extensive data verification processes, Vouched maintains one of the highest fraud detection rates in the industry, exceeding 99%. The platform’s advanced liveness and document verification techniques continuously adapt to new forms of identification worldwide, enhancing its fraud detection efficacy.
Based in Seattle, Vouched is privately held and backed by Madrona Venture Labs, Ascend Ventures, Flying Fish VC, BHG VC, SpringRock Ventures, and SeaChange Ventures. For more information, visit Vouched.id and follow us on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241001976641/en/
Contacts
Lizzy Harris
PR for Vouched
Vouched@colabcomms.co
