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Authid.Ai Closes $22.5 Million Financing Round

Mar 21, 2022•over 3 years ago

Amount Raised

$22.5 Million

Long Beach

Description

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 Information

Company

Auth Id.Ai

Location

Long Beach, California, United States

About

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.

Funding Insights

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