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Authenticid Announces $100 Million Minority Growth Investment Led By Long Ridge

Jul 22, 2021•about 4 years ago

Amount Raised

$100 Million

Seattle

Description

AuthenticID, the leading provider of Identity Proofing solutions for large enterprises, announced it has closed a $100 million minority investment from Long Ridge Equity Partners, a technology-focused growth equity firm. The investment will support AuthenticID’s continued expansion within telecommunications, financial services, government, and other consumer segments looking to establish trust and mitigate fraud, as well as enable AuthenticID to support the next generation of digital identity platforms.

Company Information

Company

Authentic

Location

Seattle, Washington, United States

About

AuthenticID is a pioneer in the Identity Proofing and Verification space. AuthenticID’s fully- automated solution protects identities and mitigates fraud without sacrificing user experience. Founded in 2001, AuthenticID has deep domain expertise in verifying government-issued identification documents with the market’s most powerful, next-generation, automated AI platform for fraud detection and identity verification. AuthenticID’s patented platform is used by the world’s leading financial services firms, wireless carriers, and identity verification platforms. The company is headquartered in Seattle, Washington. For more information please visit: www.authenticid.co.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech