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Authid.Ai Closes $22.5 Million Financing Round

Authid.Ai Closes $22.5 Million Financing Round

03/21/22, 7:45 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svglong beach
Money raised
$22.5 million
Ipsidy Inc. dba authID.ai (Nasdaq: AUID), a leading provider of secure, mobile, biometric identity authentication, announced today that it has closed on total financing of approximately $22,500,000 before fees, commissions and expenses. The financing raised:

Company Info

Company
Auth Id.Ai
Location
long beach, california, united states
Additional Info
With these additional finances in place, based on the budget recently approved by the Board of Directors, Management believes the Company will have positive cash flow on a current basis entering 2024.