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authID Inc.
authID Inc., led by CEO Tom Thimot, provides biometric identity-verification software to financial services and government clients worldwide.
authID Inc.
authID Inc. was founded in 2016 as a successor to earlier identity-verification ventures and went public in 2020 via a reverse merger. CEO Tom Thimot, who joined in 2019, previously led mobility and security firms. The company's primary technology — facial biometrics and liveness detection — competes with Jumio and Onfido for enterprise identity wallets and KYC mandates. The firm's platform processes identity verification for account onboarding, passwordless logins, and fraud prevention. AuthID claims a 99.7% verification accuracy rate on identity documents and supports global document types covering over 200 jurisdictions. Its customer base includes banks, credit unions, telehealth providers, and government agencies across North America and Europe. The company also offers an SDK for embedded identity verification in mobile and web applications. AuthID is listed on Nasdaq under the ticker AUID (previously ASD). As of 2025, it had roughly 100 employees based primarily in Denver, Colorado. The firm maintains a development office in Australia and has raised approximately $50 million in equity financing since 2020 through public offerings and private placements. In February 2025, the firm announced a partnership with fintech platform iGrad to power student-loan verification (per company press release, February 2025). The company's architecture differs from pure-play biometric vendors through its focus on audit-trail generation and regulatory compliance — each verification creates a cryptographically signed record that financial services clients can present to regulators. This compliance-first design targets the specific procurement requirements of banks and healthcare entities.
General information
Firm type
other
Year founded
2016
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Denver
Corporate office
Denver, CO, United States
Principals
Tom Thimot
Chief Executive Officer
Ed Sellitto
Chief Revenue Officer
Sector focus
Frequently asked questions
Who runs investment decisions at authID Inc.?
Tom Thimot has served as CEO since 2019 and leads strategic direction. The firm's board of directors, which includes representatives from institutional investors, oversees capital allocation. As a public company, authID's investment decisions are subject to quarterly disclosure and shareholder approval.
Is authID structured as a single family office or does it operate more like a venture firm?
Neither. AuthID is a publicly traded technology company listed on Nasdaq (AUID). It does not operate as a family office or asset manager. The firm's primary business is selling identity-verification software, not deploying capital on behalf of external investors.
What investment stages does authID typically target?
AuthID does not target any investment stages. It is an operating technology company, an investee, not an investor. Its capital-raising history includes public offerings and registered direct placements through investment banks.
Which sectors does authID explicitly avoid?
AuthID does not disclose sector avoids in its product strategy, but its focus on regulated identity verification means it primarily serves financial services, healthcare, and government. It has not publicly targeted consumer social platforms or gaming.
How is authID related to parent companies or spinouts?
AuthID emerged from a 2020 reverse merger with a blank-check company and acquired the identity platform that formed its current product. It has no disclosed parent or spinout structure as of 2025. The firm's predecessor entity, Software Effective Solutions Corp., was the merger vehicle (per SEC filings, 2020).
Where does the underlying wealth come from?
AuthID does not manage wealth. As a publicly traded company, its equity is held by institutional shareholders and retail investors. The firm's largest institutional holders include Vanguard Group and Renaissance Technologies (per 13-F filings, March 2025).
Does authID maintain philanthropic structures?
AuthID does not publicly disclose a philanthropic foundation or charitable arm. As a public company, it may offer matching-gift programs for employees, but no separate 501(c)(3) or foundation is indicated in public records.
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