authID.ai Closes $22.5M Financing Round Ipsidy Inc. authID.ai(Nasdaq : AUID), a Long Beach-based provider of biometric identity authentication solutions that are mobile and secure, has raised $22.5M in financing

The funds will be used to expand operations and to accelerate growth of the team, product and company. authID.ai is led by Tom Thimot (CEO), and offers mobile, secure, biometric identification verification software products through an Identity as a Service platform. This suite of self-service biometric identity verification and authentication solutions eliminates passwords using a consent-based facial match system. authID.ai uses biometric and artificial Intelligence technologies to improve security and trust between customers and businesses.