Glide Identity, a U.
S.-based digital identity security firm specializing in authentication and verification for the AI era, has completed its Series A funding round, raising over $20 million and bringing its total funding to more than $25 million. The round was led by Crosspoint Capital Partners, with additional participation from Amigos Venture Capital, Singtel Innov8 Ventures, and Sir Ronald Cohen.
The company’s platform addresses challenges in digital commerce by securing identity and authentication systems against AI-driven threats. Glide Identity replaces traditional one-time passwords with SIM-based cryptographic authentication, which is designed to prevent phishing, interception, or social engineering. This method allows users to verify their identity securely through their mobile network, removing the need for password entry or text message codes.
Glide Identity intends to use the new funding to scale its identity, authentication, and verification platform for what it refers to as the “AGI era.” The objective is to establish next-generation infrastructure essential for protecting consumers and businesses as AI systems increasingly engage in digital transactions and communications.
The development of Glide’s technology coincides with an increase in digital fraud. Data from the Federal Trade Commission indicates that U.
S. consumers incurred losses of $12.5 billion due to scams in 2024, marking a 25% rise from the previous year. Conventional authentication methods, such as passwords and one-time codes, have become more susceptible to exploitation through manipulation, impersonation, and AI-powered deception.
Andre Fuetsch, managing director at Crosspoint Capital and former AT&T CTO, commented on the investment, stating, “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.”
Eran Haggiag, founder and CEO of Glide Identity, articulated the company’s mission: “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 defences.”
Glide Identity has demonstrated early traction with enterprises and established partnerships with telecommunications providers such as T-Mobile and Verizon. The company’s investors contribute expertise in cybersecurity and telecommunications, with Crosspoint Capital’s network of CISOs and enterprise security leaders expected to support Glide’s market expansion. Mattias Rejman, general partner at Amigos Venture Capital, described Glide as creating “essential infrastructure for the future of telecommunications as AI agents conduct more transactions on behalf of consumers.”
Glide Identity is scheduled to host a panel discussion on “Agentic Authentication” at Authenticate 2025 on October 14. Its collaborations extend to partners including Google Cloud and Fidelity International Strategic Ventures, underscoring its role in developing secure digital identity ecosystems.
