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Business/Financial

Verified Identity Obtains $44.4 Million In Venture Funding

DDN

Thursday, August 21st, 2008

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Registered Traveler (RT) service provider Verified Identity Pass yesterday said it has secured $44.4 million in venture funding from new and existing investors for use in furthering its membership growth and expanding its fast pass lanes at airport security checkpoints. New investors include Spark Capital and Syncom Venture Partners. Ongoing investors include Lockheed Martin [LMT], General Electric's [GE] Security business, Baker Capital, Lehman Brothers, and Verified Identity founder Steven Brill. Verified Identity offers RT services under the Clear brand, which…

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