CLEAR Raises $20M in New Equity Funding

CLEAR CEO Caryn Seidman-Becker asserted that the new investment “will drive innovation and accelerate the growth of our secure identity platform, allowing us to further redefine and improve the customer experience across multiple channels.”

CLEAR, the biometric security screening specialist, has raised $20 million in equity funding, the company has announced.

This latest round of funding was led by T. Rowe Price Associates, and featured contributions from new investors including Sterling VC, former Priceline CEO Jeffery H. Boyd, and current Priceline CEO Robert Mylod. In a further sign of Boyd’s confidence, he also has joined CLEAR’s board of directors, along with another new appointee, Flowserve CEO Lew Kling.

In a press release, CLEAR CEO Caryn Seidman-Becker asserted that the new investment “will drive innovation and accelerate the growth of our secure identity platform, allowing us to further redefine and improve the customer experience across multiple channels.”

CLEAR has good reason to prepare for growth. CLEAR’s biometric screening platform has seen some major clients recently. Last summer it was deployed at Las Vegas’ McCarran International Airport, and this spring it was integrated at Maryland’s BWI Thurgood Marshall Airport. Most recently, CLEAR won a contract to bring its technology to Austin-Bergstrom International Airport in Texas.

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October 14, 2015 – by Alex Perala

Partners

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