Glide Identity, a major player in the digital identity security sector, has successfully raised over $20 million in Series A funding. Crosspoint Capital Partners led this funding round with participation from other investors like Amigos Venture Capital, Singtel Innov8 Ventures, and Sir Ronald Cohen.
The funds will be used to develop an innovative identity, authentication, and verification platform that is poised to meet the challenges of the Artificial General Intelligence (AGI) era. With this round, Glide’s total funding has surpassed $25 million, reflecting the company’s commitment to addressing crucial security challenges in the digital commerce landscape.
The technology that Glide has developed represents a significant advancement in the way identity verification is conducted. Rather than relying on vulnerable one-time passwords that can be easily exploited, Glide utilizes SIM-based cryptographic authentication. This method cannot be phished, intercepted, or subject to social engineering attacks.
Rather than requiring users to input codes sent via text message, users can authenticate their identities seamlessly through secure signals transmitted over their mobile carrier’s network. This process enhances security and simplifies the user experience by eliminating unnecessary manual input.
Recent statistics from the Federal Trade Commission reveal the staggering scale of online scams, with U.S. consumers losing $12.5 billion in 2024 alone—a 25% increase compared to the previous year. This trend highlights a growing concern for digital security. And it has been reported that about 70% of online shopping carts are abandoned due to complex checkout processes, account friction, and a lack of digital trust.
These factors contribute to billions of dollars in lost sales revenue yearly. A significant portion of these security issues stems from the use of weak or reused passwords, which can lead to compromised credentials since these barriers can be easily breached. Traditional methods of authentication, such as entering passwords or answering security questions, place the onus of identity verification on individuals, making them susceptible to exploitation by savvy scammers who utilize tactics like urgency and manipulation.
As artificial intelligence continues to evolve, traditional security measures are becoming inadequate. Technologies like voice cloning, deepfakes, and text manipulation make conventional codes and passwords increasingly unsafe. Additionally, AI agents are beginning to perform tasks like making purchases and managing accounts on our behalf, which adds another layer of risk. Glide’s early traction with customers and partners speaks to the urgency and scale of the challenge the company aims to address.
Glide Identity was founded with a dedication to building cryptographically secure and seamless solutions, underscored by the belief that secure digital identity is a fundamental human right. In pursuit of this vision, the company collaborates with major telecommunications providers, cloud platforms, and technology partners, including T-Mobile, Verizon, and Google Cloud. This collaboration enables Glide to provide robust yet user-friendly security solutions, meeting the demands of the AGI era.
Along with Crosspoint Capital, Glide’s investor consortium includes Amigos Venture Capital, Singtel Innov8 Ventures, Sir Ronald Cohen, and Fidelity International Strategic Ventures (FISV), which has a seat on the company’s board.
KEY QUOTES:
“Glide Identity is solving one of the most persistent and developing challenges in the AI era: authentication and verifying digital identity. Glide is achieving significant traction with enterprise customers as almost every industry is grappling with fraud prevention and growing AI-based threats. This growth demonstrates the urgency of the problem the company is solving and the sophistication of its solutions.”
Andre Fuetsch, managing director of Crosspoint Capital and former CTO of AT&T
“As we approach AGI, securing human identity becomes the most critical challenge of our time — and the window to solve it is closing fast. We’re fortunate to have partners and investors who understand both the urgency and the scale of what we’re building. This isn’t a problem one company can solve alone. It requires global collaboration at an unprecedented scale across telcos, big techs, financial institutions and regulators. We’re working with the leading companies in each category because that’s the only way to upgrade humanity’s identity infrastructure before AI-powered fraud outpaces our defenses.”
Eran Haggiag, founder and CEO of Glide Identity
“Glide Identity represents the future of how telecommunications capabilities will power next-generation applications. By aggregating digital security solutions into seamless authentication experiences, they’re creating essential infrastructure for the future of telecommunications as AI agents conduct more transactions on behalf of consumers. This is precisely the type of telco-native innovation we seek in our investment strategy.”
Mattias Rejman, co-founder and general partner of Amigos Venture Capital
“We are excited about Glide’s pace of progress and ability to bring together leading players across industries to solve emerging issues with the rise of AI and fraud. Increasing the security of the AI era is a core pillar of future growth.”
Erik Wiesner-Mostenicky, Principal at FISV and Glide Identity’s Board member
