text: AuthenticID Receives $100 Million Growth Investment from Long Ridge | Long Ridge
  AuthenticID Receives $100 Million Growth Investment from Long Ridge
  Long Ridge is pleased to announce a $100 million minority growth capital investment in AuthenticID. The Company is a leading provider of identity verification solutions for large enterprises. The investment will support the Company's continued expansion within telecommunications, financial services, government, and other consumer segments looking to establish trust and mitigate fraud, as well as enable AuthenticID to support the next generation of digital identity platforms.
  Our investment in AuthenticID builds on our experience and continued conviction around compliance and risk management solutions, and follows prior successful partnerships with Avetta, Browz, Drawbridge, ProcessUnity, and Ripjar. The Identity Proofing market continues to grow at a rapid pace, with the recent shift to digital customer onboarding and increasing fraud levels driving the need to establish identity remotely. The funding allows the Company to continue innovating and address the world's ever-evolving digital identity and verification challenges with automated solutions.
  We are excited to partner with Jeff Jani, CEO; Blair Cohen, Founder; and the rest of the AuthenticID team as the Company enters the next phase of its growth.