Ipsidy Inc. operates an Identity as a Service (IDaaS) platform that delivers a suite of secure, mobile, and biometric identity solutions worldwide. The company develops an IDaaS platform for businesses, residences, governments, or other organizations to enable their users to verify and authenticate their identity through a mobile phone or portable device. It provides PROOF, which establishes the trusted identity of users based on various ground truth sources, including chip based electronic machine readable travel documents, national IDs, and drivers licenses, as well as through direct verification by national ID databases; VERIFIED, a multi-factor authentication solution designed to provide a secure and convenient application for universal identity verification and transaction authentication; and AUTHENTIFID, which delivers FIDO2 authentication for password less login and transaction authentication tied to a trusted identity. The company also offers IDENTITY Â PORTAL that allows an enterprise to enroll customers using the Ipsidy portal; ACCESS, a solution for biometric authentication of individuals seeking entry into a building or controlled area; TIME, a mobile biometric attendance app with geolocation; SEARCH, a biometric matching software for desktop fingerprint capture and image processing; and CARDPLUS, a secure plastic identity credentials and loyalty card products. In addition, it provides payment processing solutions, such as TRANXA, a multi-application payment gateway and switch that provides payment solutions for online retailers and physical merchant locations; an unattended kiosk application and backend management system, which is integrated with a transit ticketing system; TRANSACT mobile digital issuance platform; and digital mobile wallet application. The company was formerly known as ID Global Solutions Corporation and changed its name to Ipsidy Inc. in February 2017. Ipsidy Inc. was founded in 2009 and is headquartered in Long Beach, New York.
IPO Year:
Exchange: NASDAQ
Website: authid.ai
Microlending platform Salus will leverage authID's technology to provide applicants with intuitive and data-secure authentication DENVER, Feb. 04, 2025 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID), a leading provider of biometric identity verification and authentication solutions, today announced it has been chosen by Salus, an inclusive microlending platform servicing underprivileged communities, for onboarding and authentication of applicants while protecting user privacy and maintaining compliance with regulatory requirements. "Our goal in choosing authID was to provide the most advanced and seamless user experience for our customers, and the best outcome for our partners," said James C
Denver, Jan. 29, 2025 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID), a leading provider of secure identity verification and authentication solutions, today announced that the Company granted options as an inducement to new employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The Company granted Options to purchase 20,000 Shares at an Exercise Price of $5.99 and 30,000 Shares at an Exercise Price of $5.89 per share to two newly hired employees respectively. The Options will vest in 36 equal amounts, on a monthly basis, over a period of three years, subject to continued employment, with a term of 10 years. About authIDauthID (NASDAQ:AUI
The unmatched speed and accuracy of authID's Proof and Verified identity authentication solutions now provide enterprises with care-free compliance that eliminates the issues and risks associated with biometric data storage. DENVER, Jan. 28, 2025 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID) ("authID"), a leading provider of biometric identity verification and authentication solutions, today announced the release of PrivacyKey™, a first-of-its-kind solution for protecting user biometric data while also avoiding all the compliance issues and risks related to biometric information storage. With the addition of PrivacyKey, authID serves as the ideal partner for organizations that previously de
authID's deterministic biometric authentication products recognized for providing the highest level of proficiency in the Identity Proofing and Verification category DENVER, COLORADO, Jan. 08, 2025 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID), a leading provider of biometric identity verification and authentication solutions, today announced its recognition by The Prism Project in its 2024 Biometric Digital Identity Prism Flagship Report as an Identity Proofing and Verification Luminary and a driving force within the industry. Published by Acuity Market Intelligence, the leading biometric digital identity research consultancy, the report highlights the critical role of biometrics in reduc
authID to champion global standards that will shape the future of digital credentials and biometric authentication DENVER, COLORADO, Dec. 23, 2024 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID), a leading provider of biometric identity verification and authentication solutions, today announced it has become a member of the Accountable Digital Identity Association (ADIA), an open industry association created to drive the development of a standardized, interoperable framework for decentralized identity services to ensure the authenticity of, and to establish trust in, reusable digital identities. ADIA promotes a uniform specification for creating and managing portable digital identities, allow
Austin, Dec. 16, 2024 (GLOBE NEWSWIRE) -- TurboCheck, the #1 tool for digital identity verification and authID® (NASDAQ:AUID), a leading provider of biometric identity verification and authentication solutions, have announced a groundbreaking partnership to tackle the escalating challenges of hiring fraud in the digital age. To date, TurboCheck has identified over 200,000 fake candidates, demonstrating the scale of the problem and the critical need for advanced fraud detection solutions. This collaboration combines TurboCheck's advanced fraud detection platform with authID's state-of-the-art biometric technology, providing employers and staffing firms with unparalleled confidence in candi
TurboCheck will rely on authID's biometric identity verification solutions to verify new candidates and employees across its SaaS platform in response to the growing threat of fraudulent job candidates DENVER, COLORADO, Dec. 10, 2024 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID), a leading provider of biometric identity verification and authentication solutions, today announced TurboCheck, a SaaS platform empowering employers and staffing firms with fast and reliable digital identity verification by analyzing candidates' online footprints, validating references, and detecting fabricated personas, has signed an agreement to deploy authID's biometric identity verification services. "Biometri
DENVER, Dec. 02, 2024 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID) ("authID"), a leading provider of biometric identity verification and authentication solutions, today announced Berify, an authentication, consumer experience & signal harnessing organization, as a customer and OEM partner. Berify will secure its global user base with authID's ProofTM and VerifiedTM solutions for onboarding and authenticating, and will OEM authID's biometric solutions as a part of its platform to solve multiple enterprise use cases in the Asia Pacific market. Berify's integrated platform combines blockchain, cybersecurity, consumer engagement and intuitive dashboards that allow its partner brands to create
Seamless integration of authID's Proof and Verified solutions helps enterprises reduce fraud at the call center DENVER, CO, Nov. 22, 2024 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID), a leading provider of biometric identity verification and authentication solutions, today announced their integration with Zendesk, a leading customer experience company that helps businesses connect with customers across multiple channels. This integration brings authID's best-in-class Proof and Verified products to Zendesk's full suite of customer support solutions, to increase account security and reduce fraud, while providing great service for Zendesk users wherever they may be. As more businesses take
Denver, Nov. 15, 2024 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID), a leading provider of secure biometric identity verification and authentication solutions, today announced that the Company granted an option as an inducement to a new employee entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). On November 12, 2024 the Company granted an Option to purchase 100,000 Shares to Mr. Erick Soto, the Company's new Chief Product Officer, at an Exercise Price of $6.94 per share. The Option will vest in 36 equal amounts, on a monthly basis, over a period of three years, subject to continued employment, with a term of 10 years. About authID auth
DENVER, Nov. 07, 2024 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID) ("authID"), a leading provider of secure identity verification and authentication solutions, today reported financial and operating results for the third quarter and nine months ended September 30, 2024. Third Quarter 2024 vs. Third Quarter 2023 Financial Summary Total revenue for the quarter increased to $0.25 million, compared to $0.04 million a year ago.Operating expenses were $3.8 million, flat compared to a year ago.Loss from continuing operations was $3.4 million, or $0.31 per share, compared to a loss of $3.7 million, or $0.47 per share a year ago.Remaining Performance Obligation ("RPO") was $3.8 million, compared to
DENVER, Oct. 24, 2024 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID) ("authID"), a leading provider of secure identity verification and authentication solutions, today announced the Company will report financial results for the third quarter ended September 30, 2024 on Thursday, November 7, 2024. Following issuance of the results release, authID Chief Executive Officer, Rhon Daguro and Chief Financial Officer, Ed Sellitto will host a conference call and webcast at 5:00 p.m. EDT to discuss the financial results and provide a corporate update. To participate on the live conference call, please dial: (646) 968-2525 in the U.S. or +1 (888) 596-4144 internationally and reference the conference I
Conference webcast to follow at 5:30 p.m. EDT DENVER, July 24, 2024 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID), a leading provider of secure identity verification and authentication solutions, today announced the Company will report financial results for the second quarter ended June 30, 2024 on Thursday, August 8, 2024 after market close. Following issuance of the earnings release, authID Chief Executive Officer Rhon Daguro and Chief Financial Officer Ed Sellitto will host a webcast at 5:30 p.m. EDT to discuss the financial results and provide a corporate update. To join the webcast, investors will need to register here: authID Q2 2024 Results Webcast Registration
Achieves Milestone Revenue Growth for Q1 2024 With Live Production Status of Key Customers Signed in 2023Management to Host Conference Call Today at 5:30 p.m. EST DENVER, May 15, 2024 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID), a leading provider of innovative biometric identity verification and authentication solutions, today reported financial and operating results for the first quarter ended March 31, 2024. "authID continues to validate strong product market fit for our biometric identity solutions. and to advance our progress toward building a successful SaaS company with predictable revenue growth. Since our mid-2023 reboot, we focused on signing and on-boarding our initial custo
Conference webcast to follow at 5:30 p.m. EDT DENVER, May 01, 2024 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID), a leading provider of secure identity verification and authentication solutions, today announced the Company will report financial results for the first quarter ended March 31, 2024 on Wednesday, May 15, 2024 after market close. Following issuance of the earnings release, authID Chief Executive Officer Rhon Daguro and Chief Financial Officer Ed Sellitto will host a webcast at 5:30 p.m. EDT to discuss the financial results and provide a corporate update. To join the webcast, investors will need to register here: authID Q1 2024 Results Webcast Registration Pl
Momentum drives $4 million in signed contract RPO value, a 4,800% increase over 2022Accelerates realization of the Company's original June 2024 signed contracts bARR target of $3 million by 6 months Management to Host Conference Call Today at 5:30 p.m. EDT DENVER, March 20, 2024 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID), a leading provider of innovative biometric identity verification and authentication solutions, today reported financial and operating results for the full year ended December 31, 2023. Commenting on these results, Rhon Daguro, authID CEO, said, "Our efforts in 2023—the strengthening of our financial foundation, addition of new identity domain sales and engineering
Conference webcast to follow at 5:30 p.m. EST DENVER, March 05, 2024 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID), a leading provider of secure identity verification and authentication solutions, today announced the Company will report financial results for the fourth quarter and fiscal year ended December 31, 2023 on Wednesday, March 20, 2024 after market close. Following the earnings release, authID Chief Executive Officer Rhon Daguro and Chief Financial Officer Ed Sellitto will host a webcast at 5:30 p.m. EST to discuss the financial results and provide a corporate update. To join the webcast, investors can register here: authID FY2023 Results Webcast Registration
authID Momentum Drives 300% Increase in Quarter over Quarter Sales Management to Host Conference Call Today at 5:30 p.m. EST DENVER, Nov. 08, 2023 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID), a leading provider of innovative biometric identity verification and authentication solutions, today reported financial and operating results for the third quarter and nine months ended September 2023. "I am extremely pleased with the strong market momentum our newly appointed sales team achieved in the third quarter by securing contracts valued at $1 million in aggregate bARR, representing more than four times the highest bARR that authID had previously reported in a single quarter," said Rhon D
Conference webcast to follow at 5:30 p.m. EST DENVER, Oct. 30, 2023 (GLOBE NEWSWIRE) -- authID (NASDAQ:AUID), a leading provider of secure identity verification and authentication solutions, today announced the Company will report financial results for the third quarter ended September 30, 2023 on Wednesday, November 8, after market close. Following the earnings release, authID Chief Executive Officer Rhon Daguro and Chief Financial Officer Ed Sellitto will host a webcast at 5:30 p.m. EDT to discuss the financial results and provide a corporate update. To join the webcast, investors can register here: authID Q3 Results Webcast Registration Please note that the webcast will u
Conference call and webcast to follow at 5:30 p.m. EDT DENVER, July 31, 2023 (GLOBE NEWSWIRE) -- authID (NASDAQ:AUID), a leading provider of secure identity verification and authentication solutions, today announced the Company will report financial results for the second quarter ended June 30, 2023 on Thursday, August 10 after market close. Following the earnings release, authID Chief Executive Officer Rhon Daguro and Chief Financial Officer Annie Pham will host a webcast and conference call at 5:30 p.m. EDT to discuss the financial results and provide a corporate update. To listen to the webcast and view the presentation, investors can follow this link: Q2 Webcast Conference Re
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DENVER, Sept. 24, 2024 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID), a leading provider of biometric identity verification and authentication solutions, today announced the appointment of Erick Soto as Chief Product Officer. Mr. Soto, a seasoned product leader with over 15 years of industry experience, comes to authID after serving as a Chief Product Officer and adviser to successful identity verification providers, financial technology businesses, and neobanks. In his new role, Soto will oversee the evolution of the authID platform for biometrically onboarding and authenticating customers' employees and consumers. He will direct a robust group of developers and designers working o
DENVER, May 20, 2024 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID) a leading provider of innovative biometric identity verification and authentication solutions, today announced that its 2024 Annual Meeting of Stockholders will be held virtually on June 26, at 10:00 a.m. EDT. At the meeting, proposals will be submitted to elect directors, ratify the appointment of auditors, reduce the number of authorized shares in order to save expenses, ratify the adoption of the 2024 Equity Incentive Plan and approve "Say-on-Pay" and "Say-on-Pay" frequency resolutions. The Company is proposing the election of all of the current seven directors. The Company has filed its Proxy Statement with the SEC, whic
Company adds expert in global business development, and go-to-market growth strategy DENVER, March 26, 2024 (GLOBE NEWSWIRE) -- authID.ai (NASDAQ:AUID), a leading provider of innovative biometric identity verification and authentication solutions, today announced the appointment of Kunal Mehta to its Board of Directors, effective immediately. Mehta, a partner at Bain & Company, adds deep expertise in strategic growth areas targeted by authID: market expansion, go-to-market (GTM) strategy, and operational efficiency. "Having engaged closely with Kunal at both Bain & Company and Technology Crossover Ventures, I know from first-hand experience that he brings a unique mix of domain knowled
DENVER, Feb. 22, 2024 (GLOBE NEWSWIRE) -- authID.ai (NASDAQ:AUID), a leading provider of innovative biometric identity verification and authentication solutions, today announced that Chairman Joe Trelin has retired from the Company's Board of Directors effective February 20, 2024. As the former Chief Platform Officer of CLEAR, Trelin brought his experience and guidance to help orchestrate a relaunch of authID and the signing of a record number of sales bookings in 2023. First appointed to the authID Board in April 2022, Trelin quickly showed his value in envisioning future direction for business and product development. Under his term as Chairman, authID experienced a dramatic rise in
DENVER, Feb. 08, 2024 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID), a leading provider of innovative biometric identity verification and authentication solutions, today announced the appointment of new talent that will position the Company for further growth in 2024 and beyond. Following the successful completion of its November 2023 fund-raise, the Company is expanding its sales, customer success, and engineering teams to drive quick execution on its sales and product pipeline and capitalize on the global demand for secure and seamless biometric authentication solutions. To build upon the Company's highly successful 2023 sales momentum where it increased sales by 1200%, authID has h
Secures ~$3 Million in Sales Bookings, Strengthens Financial Position, and Expands Innovation DENVER, Jan. 17, 2024 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID), a leading provider of innovative biometric identity verification and authentication solutions, today announced the Company experienced record year over year growth in sales of 1,200% for its biometric identity authentication platform. The company also bolstered its financial position by completing financing rounds in May and November 2023, securing a combined $17.6 million in gross proceeds and a debt-to-equity conversion of almost $9 million. These measures, combined with cost-cutting efforts and a July reverse stock-spli
Best-in-class identity security delivers the fast, frictionless, and precise user experience that secures digital ecosystems from fraud and ensures they "Know Who's Behind the Device". Denver, Oct. 31, 2023 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID), a leading provider of secure identity verification and authentication solutions, today announced the launch of Verified™ 3.8, its next-generation platform that protects digital enterprises and the entire user journey against identity fraud, credential compromise, and account takeover. Data breaches occur because enterprises merely assume they know ‘who' is accessing applications with a continued reliance on age-old passwords, pin codes, a
DENVER, Aug. 10, 2023 (GLOBE NEWSWIRE) -- authID® (NASDAQ:AUID) a leading provider of secure identity verification and authentication solutions today reported financial and operating results for the second quarter and six months ended June 30, 2023. "In the second quarter, the authID team executed a successful fund raise, debt capitalization, and cost-savings plan that helped improve our balance sheet, allowing us to focus on our mission to eliminate authentication fraud and deliver 100% Zero Trust Identity Protection," said CEO Rhon Daguro. "We also secured new contracts with several customers including ABM, a Fortune 500 company with over 100,000 employees. These customer wins validat
DENVER, July 12, 2023 (GLOBE NEWSWIRE) -- -- authID® (NASDAQ:AUID) a leading provider of innovative biometric identity verification and authentication solutions is pleased to announce the appointment of Greg Manship, Dale Daguro, and Jeff Scheidel as Vice Presidents of Sales. This follows the successful completion of our recent fund raising, allowing authID to focus on the execution of its sales strategy and capitalize on the strong demand for secure and reliable biometric authentication solutions. Cyberattacks caused by bad actors who prey on passwords and legacy MFA continue to disrupt businesses. authID's biometric verification and authentication solutions offer a secure and conveni
DENVER, May 18, 2023 (GLOBE NEWSWIRE) -- -- authID® (NASDAQ:AUID) a leading provider of secure identity authentication solutions, today announced that its 2023 Annual Meeting of Stockholders will be held virtually on June 26, at 10:00 a.m. EDT/8:00 a.m. MDT. At the meeting, proposals will be submitted to elect directors, ratify the appointment of auditors, authorize a reverse stock split, in order to regain compliance with Nasdaq listing requirements, and authorize an increase in the shares allocated to the Equity Incentive Plan. The Company is proposing the election of all of the current seven directors. The Company has filed its Proxy Statement with the SEC, which explains all
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