Trust Stamp to raise $3.5M for AI-powered identity verification services expansion
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Trust Stamp, trading as T Stamp Inc (NASDAQ:IDAI), is raising $3.5 million through a securities purchase agreement with an institutional investor. This funding will support the company's expansion and technological advancements in AI-powered identity verification services.
January 07, 2025 | 3:30 pm
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Trust Stamp is raising $3.5 million through a direct offering to expand its AI-powered identity verification services. This move is likely to enhance its market position and technological capabilities.
The $3.5 million funding will enable Trust Stamp to expand its services and improve its technology, which is likely to positively impact its market position and stock price. The direct offering indicates investor confidence and provides the company with necessary capital for growth.
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