Skip to main content
The Markets by Proactive
Go to Proactive Australia

Archive

authID.ai closes $22.5M, billionaire hedge fund boss Jamie Dinan more than doubles investment

authID.ai closes $22.5M, billionaire hedge fund boss Jamie Dinan more than doubles investment

authID.ai CEO Tom Thimot tells Proactive the provider of secure, mobile, biometric identity authentication has raised $22.5 million through the issuance of senior secured convertible promissory notes, shares of common stock, and through a credit facility.

Thimot says notably, billionaire Jamie Dinan, CEO of hedge fund York Capital Management has 'more than doubled' his position through the raise.