AuthenticID Achieves a Record 186% Revenue Growth in 2021

SEATTLE--(BUSINESS WIRE)--AuthenticID, the leading provider of identity proofing and fraud prevention solutions announces a 186% increase in year-over-year annual revenue, signifying 2021 as the company's most successful year on record.

AuthenticID's digital identity technology is 100% automated and powered by its proprietary machine learning platform – the industry leader in non-bias decision-making in biometric authentication. By accurately verifying the identity of their users, customers experience significant ROI by stopping fraud loss, increasing customer conversion at onboarding, and reducing operational costs while allowing quick and cost-effective operational scalability.

Jeff Jani, CEO of AuthenticID commented, "2021 has been an incredible year for AuthenticID hanks to our dedicated team, wonderful clients and strategic partners who have been instrumental in building our momentum.” Jani added, "Given the industry's current landscape — there is a constant demand for accurate identity proofing across companies use cases. From compliance and new regulations to the desire to streamline and simplify user experiences, we see our market opportunity widening more than anticipated."

To support its stage of hypergrowth, AuthenticID doubled its workforce in 2021 and will soon open the doors to a new corporate headquarters in Kirkland, Washington.

Last year, the company received $100 Million in investment funding, paving the way for new product development and innovations. AuthenticID is on the cusp of launching a new portfolio of products that will be a game-changer in the identity proofing space.

About AuthenticID

AuthenticID is a pioneer in the Identity Proofing and Fraud Detection space. AuthenticID's fully-automated solution protects identities and mitigates fraud without sacrificing user experience. Founded in 2001, AuthenticID has deep domain expertise in verifying government-issued identification documents with the market's most powerful, next-generation, automated AI platform for fraud detection and identity verification. AuthenticID's patented platform is used by the world's leading financial services firms, wireless carriers, and identity verification platforms. The company is headquartered in Seattle, Washington. For more information please visit www.authenticid.com.