authID is an early-stage SaaS company that sells biometric identity verification and authentication software to enterprises. Its platform uses facial biometrics to confirm that the person logging in or transacting is who they claim to be. The two core products are Proof, which verifies identity at onboarding by matching a government-issued ID against a live selfie, and Verified, which replaces passwords and hardware tokens with selfie-based authentication for ongoing logins and high-value transactions. A key differentiator is PrivacyKey, which performs biometric authentication without storing any biometric data — instead converting biometrics into a cryptographic key pair, which authID argues makes enterprise adoption easier in jurisdictions with strict biometric privacy laws. authID recently launched IDX, an enterprise platform for managing reusable biometric credentials across distributed workforces, and Mandate, an early-stage framework that ties AI agents to a biometrically verified human sponsor for AI governance. Target customers are enterprises in financial services, fintech, healthcare, and retail. authID sells through a direct enterprise sales team and through OEM and reseller partnerships, including with Prove and NESIC. Revenue comes from fixed subscription commitments and usage-based fees above contracted minimums, typically under 3-year contracts. The company is deeply unprofitable at its current scale, and long enterprise sales cycles and slow customer go-live timelines have been a persistent challenge to revenue growth.
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