The TPG Growth-backed firm has purchased US counterpart Airside for an undisclosed sum.British digital identity company Onfido has made its second acquisition to date, snapping up US counterpart Airside for an undisclosed fee.
Airside meanwhile is another digital identity company that is used by a number of US government agencies, including the Transportation Security Administration and airlines that use its tech to fast-track passengers in transit. Bain Capital is one of the biggest backers of the Virginia-based firm, which has tapped up investors for $21 million since it was founded in 2009.
"To date, digital identity has evolved by digitizing the process of identity verification in the physical world," he said. Onfido previously announced a $100 million Series D funding round in April 2020 that was solely backed by TPG, an investor in Uber, Spotify, and Airbnb.
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