Ipsidy, which provides a biometric identity verification platform, filed on Monday with the SEC to raise up to $24 million in an initial public offering. The company is currently listed on the OTCQB under the symbol "IDTYD", which is expected to be changed to "AUID".
Ipsidy (authID.ai) provides secure, mobile, biometric identity verification software products delivered through an easy to integrate Identity as a Service platform. The company has developed software solutions that include biometric capture and matching of faces, voices, and fingerprints, remote document collection and authentication, multi-factor authentication and passwordless login, and step-up verification for electronic transactions.
The Long Beach, NY-based company was founded in 2011 and booked $2 million in sales for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol AUID. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.
