T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, announced that it expects more than $5 million in revenue from existing contracted customers for fiscal year 2025, it said in its forward-looking guidance issued alongside its first quarter filing. The company highlighted that this estimate excludes potential revenue from contracted customers that have yet to start generating income, suggesting additional upside.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID) dba Trust Stamp said it has formed a strategic partnership with cryptographic tech firm Partisia to jointly develop a secure and decentralized biometric identity solution. The collaboration will combine Trust Stamp's biometric verification system with Partisia's Multi-Party Computation (MPC) technology to create a privacy-centric method for binding digital credentials to an individual's biometric data, the companies said in a statement.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID) (dba Trust Stamp) said it has been selected to participate in the CyberBoost Catalyse program, an initiative supporting high-growth cybersecurity companies in expanding across Singapore, the Asia-Pacific (APAC) region, the UK, and other global markets. The program, led by the CyberSG Talent, Innovation and Growth (TIG) Collaboration Centre and powered by UK-based innovation firm Plexal, is backed by the Cyber Security Agency of Singapore (CSA) and the National University of Singapore (NUS).
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), dba Trust Stamp, known for its AI-driven identity services, reported a significant revenue jump in the fourth quarter. For Q4 2024, Trust Stamp brought in $1.5 million in revenue, a notable increase from $510,000 in Q3 and $580,000 during the same period last year.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID) (dba Trust Stamp) said Thursday it expects revenue from existing customers to exceed $5 million in 2025. The company announced the revenue figures alongside strong fourth-quarter results for 2024.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID) (dba Trust Stamp) announced the approval of a patent by the United States Patent and Trademark Office for its "Shape Overlay for Proof of Liveness" mechanism, a new advancement in biometric security. The technology addresses growing concerns over digital fraud techniques, particularly deepfake and injection attacks, which have posed significant security risks to traditional biometric authentication systems.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, announced that it has been awarded the D-seal certification for IT security and responsible data usage. The D-seal is the first certification to integrate IT security and responsible data usage under a single label, ensuring that organizations meet the highest ethical and security standards.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, announced that the United States Patent and Trademark Office has allowed its patent application for the "Interoperable Biometric Representation" framework, an innovation that enhances privacy and security while addressing a major challenge in biometric interoperability. Biometric identification and verification are widely used, but differences in proprietary data formats prevent seamless compatibility across systems, limiting adoption and locking users into specific vendors, the company noted in a statement.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, has announced a strategic partnership with Digital Platformer to strengthen security and privacy in digital identity and financial services. The companies have signed a Memorandum of Understanding (MOU) and intend to formalize their collaboration with a definitive agreement for shared services.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), dba Trust Stamp, struck a new partnership with Qenta Inc to create an identity and asset ecosystem designed to resist threats. The partnership with Qenta involves a new subsidiary, QID Technologies LLC, in which Trust Stamp will hold a 10% equity stake.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), dba Trust Stamp CEO Gareth Genner announced told shareholders it is moving forward with a reverse stock split to position the company for broader investment opportunities. The reverse split, effective for trading on January 6, 2025, was approved by an overwhelming 96% of shareholders in November.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), dba Trust Stamp, said on Thursday that a reverse stock split of its shares will take effect at the market open on January 6. The split, approved by the company's board of directors and shareholders, will occur at a 1-for-15 ratio.