authID.ai Closes $22.5M Financing Round
Summary
Ipsidy Inc. dba authID.ai (Nasdaq: AUID), a Long Beach, NY-based provider of secure, mobile, biometric identity authentication solutions, raised $22.5M in financing. The company intends to use the funds to expand operations and accelerate growth, team and product. Led by CEO Tom Thimot, authID.ai provides secure, mobile, biometric identity verification software products through an Identity as a Service (IDaaS) platform. The suite of self-service biometric identity proofing and authentication solutions eliminate passwords through a consent-based facial matching system. Powered by biometric and artificial intelligence technologies, authID.ai aims to strengthen security and trust between businesses and their customers.
Funding
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