| TPG Growth-backed British automated identity verification startup Onfido acquired its U.S. counterpart Airside. Transaction details for the acquisition were not disclosed. The acquisition will help Onfido expand its services and refine its identity verification process. - Airside's founder, Adam Tsao, will join Onfido as general manager.
- Onfido
CEO Mike Tuchen said, "We plan to take Airside's proven approach to the
airline industry and apply it to other sectors requiring high customer
assurance, such as financial services."
- Onfido has raised $200M to date from investors, including Salesforce Ventures and TPG Growth.
- Airside had raised $21M from backers, including Bain Capital.
- Major U.S. government organizations, such as the Transportation Security Agency (TSA) and airlines, are among the clients.
- Airside reportedly served over 10 million travelers.
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