AUID

authID Inc. develops biometric identity verification and authentication solutions using advanced facial recognition and liveness detection technologies preventing identity fraud in digital transactions and access control applications. Headquartered in Denver, Colorado, authID's platform provides enterprise customers with cloud-based identity verification services authenticating users through selfie-based biometric matching compared against government-issued identity documents, while detecting sophisticated fraud attempts including deepfakes, photo spoofing, and presentation attacks. The company's technology serves multiple industries including financial services performing customer onboarding and account access verification meeting Know Your Customer regulatory requirements, healthcare providers authenticating patients accessing telehealth services and medical records, workforce applications controlling physical and logical access to facilities and systems, and age verification for online gambling, alcohol sales, and age-restricted content. authID's proprietary biometric matching algorithms emphasize privacy-preserving architectures where biometric templates remain encrypted and processing occurs without retaining permanent facial images, addressing data protection concerns and regulatory requirements including GDPR and emerging biometric privacy laws. The company generates revenues through software licensing fees for on-premises deployments and transaction-based pricing for cloud-hosted authentication services charging per verification attempt or monthly subscription fees based on usage volumes. authID reported minimal revenues as commercialization efforts remain early-stage with customer acquisition concentrating on pilot implementations and proof-of-concept deployments demonstrating value propositions before scaling to enterprise-wide rollouts. The company faces intense competition from established identity verification providers including Onfido, Jumio, and Idemia offering similar biometric authentication capabilities, plus technology giants including Apple, Google, and Microsoft integrating facial recognition into operating systems and platforms. Recent strategic developments include announcing customer wins across target verticals, pursuing regulatory compliance certifications including FIDO Alliance standards validating security architectures, and expanding international operations particularly in Latin America and Asia Pacific markets experiencing rapid digital transformation and fraud prevention needs. authID operates with substantial operating losses exceeding annual revenues as the company invests in sales and marketing, product development, and infrastructure supporting anticipated growth.