AuthID Inc., also known as AUID, is a pioneering company in the realm of secure digital identity verification solutions. The company is primarily recognized for harnessing the power of artificial intelligence technologies and providing proprietary, state-of-the-art identity verification solutions essential in the digitalized era.
AuthID Inc. is headquartered in Pembroke, Bermuda, and maintains its operations through its two subsidiary companies, Ipsidy Inc. and ID Global Solutions Corporation. Its strategic presence through these companies allows AuthID to offer its innovative solutions to a broad spectrum of sectors, including financial institutions, government agencies, and health care providers.
The company's core focus is on identity as a service (IDaaS), developed in response to the increasing need for powerful, dependable solutions for verifying and managing digital identities. As more and more organizations step into the digital world, the risks of identity theft and fraud continue to surge. This is where AUID steps in, providing its clientele with advanced, AI-powered biometric identity services that are both secure and user-friendly.
AuthID Inc.’s proprietary platform is designed to accurately capture and compare biometric data from faces, fingerprints, and voices. They provide comprehensive identification and authentication services that simplify the process of verifying identities while ensuring an unparalleled level of security.
A significant product offered by AuthID Inc. is its "Identity Portal," a comprehensive solution for identity verification. Using a simple mobile application, Identity Portal enables seamless integration for organizations, allowing them to effortlessly validate customer identities with high precision. This product has proven invaluable for financial services, preventing fraudulent transactions and enhancing overall security measures.
In addition, AUID's "Access" product reinforces physical and cyber security, by verifying the identity of individuals attempting to access secure areas or information. This comprehensive solution uses multi-factor authentication, featuring biometric identity verification for top-notch security.
AUID also leads in developing solutions for customer onboarding, check-in services, and workforce management through a holistic approach to identity verification. AUID assists organizations in streamlining their operations, improving efficiency, reducing risks, and ensuring compliance with regulatory requirements.
AuthID Inc. is at the forefront of digital security, and through its innovative approach, it strives to redefine the landscape of identity verification. Headed by CEO, Tom Thimot, the company continues to break new ground, offering unparalleled security measures in a world that's increasingly relying on digital identities.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
AuthID Inc. has adjusted its debenture conversion price to $0.38 and lowered existing warrant exercise prices to $0.57, while securing a backstop commitment of up to $500,000, with $300,000 already funded. The agreement provides clear financing terms, but future funding and share issuance are contingent on various conditions, including strategic-partner involvement and Nasdaq's 19.99% ownership limit. The commitment parties received 750,000 warrants exercisable at $0.57 per share.
authID (Nasdaq: AUID) announced that a global leader in industrial automation has selected its biometric identity platform to secure Microsoft Entra ID and ServiceNow environments. This deployment will protect tens of thousands of employees and contractors, focusing on service desk identity assurance and streamlined onboarding while safeguarding user privacy and manufacturing intellectual property. A key feature cited was the design that avoids storing biometric templates, alongside fraud and deepfake detection.
authID, a leading provider of biometric authentication solutions, has been chosen by a global industrial automation leader to enhance workforce security. The company will deploy authID's solutions to secure its Microsoft Entra ID and ServiceNow environments, protecting tens of thousands of employees and contractors against cyber threats and fraud. This partnership aims to safeguard intellectual property, prevent supply chain disruptions, and ensure robust identity verification in a sector frequently targeted by cyber attacks.
authID (Nasdaq: AUID) announced its second quarter 2026 financial results and that its Board of Directors is exploring strategic and financing alternatives to enhance shareholder value. The company continues to sign new customers and partners, with ongoing significant investment in a proof-of-concept for a major financial institution and final contract negotiations with a large manufacturer for workforce verification. The evaluation of strategic alternatives includes potential partnerships, debt or equity financing, or a sale/merger, with no definitive timeline set for the process.