authID.ai (Ipsidy), which provides a biometric identity verification platform, raised $10 million by offering 1.4 million shares at $7, below the last close of its shares on the OTCQB ($7.98). The company offered 40k fewer shares than anticipated.
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.
authID.ai plans to list on the Nasdaq under the symbol AUID. ThinkEquity acted as sole bookrunner on the deal.
