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"roundRaw": null, "amountRaw": "$22.5 million", "amountUsd": "22500000", "scrapedAt": "2026-04-27 08:49:02.087+00", "sectorRaw": "crypto", "sourceUrl": "https://www.businessinsider.com/authidai-pitch-deck-jamie-dinan-biometrics-auid-2022-3", "deckKindAt": "2026-04-28 07:19:06+00", "highlights": "Biometric security company authID.ai got creative with fundraising after an investor pulled out. The firm turned to existing investors;; including billionaire Jamie Dinan;; to raise $22.5 million. Insider got a copy of the pitch deck the young publicly traded company used to woo investors.", "slideCount": 23, "companyName": "Authidai", "description": "Biometric security company authID.ai got creative with fundraising after an investor pulled out. The firm turned to existing investors;; including billionaire Jamie Dinan;; to raise $22.5 million. Insider got a copy of the pitch deck the young publicly traded company used to woo investors. Publicly traded biometric security company authID.ai thought it had locked its working capital in for the next two years last Monday. With a stock issuance;; convertible notes;; and a $10 million credit facility from an existing investor;; the software-as-a-service firm announced it had $22.5 million to work with in a press release on March 21. But when the aforementioned investor stepped back and tried to renegotiate the deal;; CEO Tom Thimot and his team went to work to raise money from other investors in order to have as many options as possible. In just a few days;; Thimot was able to raise the same amount and closed with a new set of investors. Among them were billionaire hedge-fund manager Jamie Dinan;; who put millions of his own money into the company. The company said that the Milwaukee Bucks' co-owner declined to share exactly how much he has invested in authID.ai now;; but the firm said he \"more than doubled\" his prior investment in the company and his name helped bring aboard additional investors. \"All investors like to invest alongside someone with a reputation like that;;\" said Thimot in an interview. 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