Welcome to our dedicated page for AUTHID news (Ticker: AUID), a resource for investors and traders seeking the latest updates and insights on AUTHID stock.
authID Inc. (Nasdaq: AUID) is a software publisher focused on biometric identity verification, authentication, and Agentic AI governance, and its news flow reflects these priorities. Company announcements frequently highlight new customer wins, technology integrations, and product developments that expand the reach of its biometric identity platform.
Recent news has covered deployments with a global workforce solutions provider to combat employment identity fraud, including deepfake-resistant verification for hiring and ongoing worker authentication. authID has also reported selection by one of the largest retailers in Europe to secure identity verification and password reset for its workforce using the company’s PrivacyKey technology, as well as adoption by an educational technology organization serving correctional facilities for biometric identity proofing and authentication.
authID’s updates also describe integrations with major platforms and partners. The company has announced an integration with ServiceNow to provide secure identity verification and authentication in ServiceNow-powered contact centers, enabling agents to verify callers before making account changes or completing high-risk transactions. Additional news has highlighted collaboration with partners such as NESIC, MajorKey Technologies, a digital infrastructure platform for financial institutions, and TurboCheck for workforce fraud detection.
Investors and observers following AUID news can also expect coverage of capital markets activity, including registered direct offerings under the company’s shelf registration statement, and periodic financial and operating results. Together, these news items provide insight into authID’s progress in biometric identity, workforce verification, contact center security, and the emerging area of Agentic AI governance. Bookmark this page to review ongoing developments, partnerships, and regulatory disclosures related to authID’s business.
authID.ai (Nasdaq: AUID) has successfully closed financing totaling approximately $22.5 million, which is expected to cover working capital needs through 2023. The financing includes:
- $9.2 million through senior secured convertible promissory notes at a conversion price of $3.70.
- $3 million from the sale of common stock at $3.03 per share and $300,000 from management shares at $3.70.
- $10 million borrowing capacity under a credit facility.
Summary not available.
authID.ai (Nasdaq: AUID) will report its financial results for the fiscal year ended December 31, 2021, on March 21, 2022, before the market opens, a day earlier than previously scheduled. Following the release, CEO Tom Thimot, President & CTO Tripp Smith, and CFO Stu Stoller will host a conference call and webcast at 8:30 a.m. EDT to discuss the results and recent developments. Investors can access the presentation and call via the company's Investor Relations website. For participation, dial-in numbers are provided for toll-free and international callers.
authID.ai (Nasdaq: AUID) will report its financial results for the fiscal year ended December 31, 2021, on March 22, 2022, after market close. The conference call, hosted by CEO Tom Thimot and other executives, will begin at 5:00 p.m. EDT. Investors can join via phone or webcast. This event follows the company’s strategic focus on secure, mobile biometric identity verification solutions, enhancing customer trust and security through innovative technology.
authID.ai (Nasdaq: AUID) has received a Notice of Allowance from the U.S. Patent and Trademark Office for its innovative multi-party, multi-factor authentication patent, crucial for its Verified™ identity verification platform. This patent safeguards a method that allows account holders to authorize transactions while simultaneously enabling third-party verification of their identity through biometrics and personal codes. CEO Tom Thimot emphasized that this patent enhances security against fraudulent activities and creates an unchallengeable audit trail, reinforcing the company's commitment to robust identity authentication.
authID.ai (Nasdaq: AUID), a provider of biometric identity solutions, announced the integration of its Verified CloudConnect™ platform with Microsoft Office 365 and Azure. This integration enhances identity authentication by using facial biometric technology to replace traditional passwords, thereby addressing rising cybersecurity threats linked to remote work. Verified CloudConnect™ enables seamless multi-factor authentication (MFA), ensuring secure access while maintaining user privacy. The service is available on a subscription basis, aiming to empower organizations to enhance their security infrastructure.
authID.ai (Nasdaq: AUID) has launched Verified Platform Version 2.4, designed to enhance facial biometric authentication. This upgrade offers a streamlined user experience, improved speed, and advanced AI capabilities to counter identity fraud. Key features include a modernized interface, enhanced cross-device authentication, and real-time quality analysis. The platform aims to prevent cybercriminals from accessing accounts and safeguarding user data across various applications, establishing a higher level of trust and security in online transactions.
authID.ai (Nasdaq: AUID) held its Annual Meeting of Shareholders via webcast on December 29, 2021. During the meeting, all nominated directors were re-elected, and all proposed resolutions were adopted. Shareholders approved an advisory 'Say-on-Pay' vote, which also included a decision on the frequency of future votes. CEO Tom Thimot provided an update on the company’s Q4 activities. authID.ai offers secure, mobile biometric identity authentication solutions, aiming to eliminate usernames and passwords through advanced technologies.
authID.ai (Nasdaq: AUID) has launched Verified CloudConnect, enhancing multi-factor authentication via cloud-based facial biometrics. Available on Auth0 Marketplace, this solution replaces traditional authentication methods with a more secure, in-browser experience that requires no extra apps or hardware. Users can authenticate with a live selfie analyzed for liveness, ensuring robust security against spoofing attempts. This integration aims to support diverse digital identities across B2B, B2C, and B2E environments, facilitating organizations in creating tailored security solutions.
authID.ai (Nasdaq: AUID) has announced significant leadership changes as part of its growth strategy, highlighting a commitment to customer experience and inclusivity. New appointments include Christabel Bugla as Vice President of Customer Success and Brittney Liburd as Senior Product Marketing Manager. Additionally, Grace de Fries and Max Umarov have been promoted to senior leadership roles. The company aims to enhance its biometric identity solutions and foster a diverse workforce, with nearly half of the team being people of color and/or women, as it prepares for expansion in various markets.
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