Glide Identity has closed a $20 million Series A funding round led by Crosspoint Capital Partners, with participation from Amigos Venture Capital, Singtel Innov8 Ventures, and Sir Ronald Cohen. The investment brings the digital identity security company's total funding to over $25 million as it works to address what founders describe as digital commerce's next major security challenge.
The round attracted investors who see authentication as an increasingly urgent problem. With AI tools now capable of voice cloning, deepfakes, and sophisticated text manipulation, traditional security methods are struggling to keep pace.
Glide's technology replaces one-time passwords with SIM-based cryptographic authentication. Instead of typing codes sent via text message, users authenticate through their mobile carrier's network using secure signals that verify identity without requiring any action. The system is designed to resist phishing, interception, and social engineering attacks.
The scale of the problem is substantial. Federal Trade Commission data shows U.S. consumers lost $12.5 billion to scams in 2024, a 25% increase from the previous year. Meanwhile, about 70% of online shopping carts are abandoned due to complex checkout processes and authentication friction, resulting in billions in lost sales annually. Weak or reused passwords remain a primary vulnerability, with scammers exploiting urgency, manipulation, and increasingly sophisticated AI-powered impersonation.
"Glide Identity is solving one of the most persistent and developing challenges in the AI era: authentication and verifying digital identity," said Andre Fuetsch, managing director of Crosspoint Capital and former CTO of AT&T. "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."
The company's focus extends beyond human users. As AI agents begin making purchases and managing accounts on behalf of people, a new layer of authentication risk emerges. Glide's platform is being built to handle both human and agent verification.
"As we approach AGI, securing human identity becomes the most critical challenge of our time — and the window to solve it is closing fast," said Eran Haggiag, founder and CEO of Glide Identity. "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."
The new funding will support expansion of Glide's identity, authentication, and verification platform. The company plans to accelerate product development, grow its enterprise customer base, and deepen partnerships with telecommunications providers and technology platforms.
Glide Identity was founded on the principle that secure digital identity is a fundamental human right. The company works with major telecommunications providers, cloud platforms, and technology partners, including T-Mobile, Verizon, and Google Cloud, to deliver what it calls AGI-ready security through consumer-friendly interfaces.
Built on the Open Gateway protocol, Glide's platform enables enterprises and developers to integrate authentication systems at scale. The company's approach shifts the burden of verification away from individuals and onto cryptographic systems that operate through existing mobile network infrastructure.
Crosspoint Capital's involvement brings cybersecurity expertise and a network of CISOs and enterprise security leaders to support Glide's growth. The firm joins other backers including Amigos Venture Capital, Singtel Innov8 VC, Sir Ronald Cohen, and Fidelity International Strategic Ventures (FISV), which holds a board seat.
The funding reflects growing investor interest in telecommunications-based security solutions as authentication challenges multiply.
"Glide Identity represents the future of how telecommunications capabilities will power next-generation applications," said Mattias Rejman, co-founder and general partner of Amigos Venture Capital. "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."
"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," said Erik Wiesner-Mostenicky, Principal at FISV and Glide Identity's Board member.
