Secure Identity, LLC

Secure Identity, LLC, based in the US, specializes in identity verification solutions that enhance security and streamline user experiences in various public environments, including airports and stadiums. Secure Identity, LLC, founded in 2010 in New York, operates as an identity verification company. The founder, Ken Cornick, previously founded other companies. The company has engaged in 7 deals with its most recent funding round being an IPO on June 29, 2021, where it raised USD 409.

20 mn, bringing the total amount raised to USD 409. 20 mn. CLEAR is an identity verification company that provides a range of services designed to enhance security and streamline user experiences across various environments, including airports, stadiums, and other public venues. The company's core offering, CLEAR+, leverages biometric technology to expedite security screening processes, allowing members to bypass traditional lines and access dedicated CLEAR lanes.

The CLEAR App assists users in managing their travel plans by providing real-time updates and recommendations on when to leave for their gates. CLEAR's services are beneficial for travelers seeking faster airport security and businesses needing reliable identity verification solutions. CLEAR generates revenue primarily through subscription-based memberships, particularly with its CLEAR+ offering, which allows users access to expedited security services. This structure enables individuals to add family members to their accounts, thereby increasing overall service usage.

Additionally, CLEAR partners with various businesses, such as Delta Air Lines and United Airlines, to integrate services that enhance customer experiences, alongside offering additional perks like expedited passport services and luggage shipment. Following the most recent deal on June 29, 2021, Secure Identity, LLC plans to utilize the USD 409. 20 mn raised in its IPO to grow its core aviation business, pursue strategic investments in acquisitions, and explore other corporate development opportunities. The company anticipates expanding its presence in new markets and geographic regions, although specific markets and timelines for this expansion have not been disclosed.