authID signs $10M multi-year agreement for biometric authentication in India

authID Inc.

$10M commitment over three years; minimum $3.33M annual licensing fee for identity platform services.
Partner is a next-generation AI company serving global MNCs; authID to provide biometric authentication for banking, financial services, emergency services, transportation in India.
authID’s platform delivers biometric verification in 700ms with 1:1B accuracy; will comply with Indian privacy laws.
CEO Rhon Daguro highlights exponential growth potential in Indian biometric market over next 10 years.
Deal signed October 30, 2024; press release issued November 4, 2024.

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