Goodbye one‑time passwords.
Hello SIM‑level authentication.
Glide Identity has raised over $20 million in Series A funding led by Crosspoint Capital Partners, with Amigos Venture Capital, Singtel Innov8, and Sir Ronnie Cohen joining.
The San Francisco startup, founded and led by Eran Haggiag, replaces vulnerable one‑time passwords with SIM‑based cryptographic verification. Users authenticate through their mobile carrier's network using secure signals, eliminating phishing and SMS fraud.
In 2024 alone, US consumers lost $12.5 billion to scams and abandoned 70 % of online shopping carts due to friction. Glide's platform partners with T-Mobile, Verizon, and Google Cloud to deliver AI‑safe, continuous identity for the AGI era.
The fresh funding brings total capital to $25 million and will expand engineering and go‑to‑market teams.
With regulators pushing for stronger authentication and telcos opening their networks to developers, Glide is positioned to become the default identity layer. Ready to ditch SMS codes for good?
#fintechoftheday #identity #security
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