Clear gets $44 million in funding
Clear, a registered traveler program in the U.S., has secured $44.4 million in venture funding. The latest round of funding was led by new investor Spark Capital, and also includes Syncom Venture Partners.
Existing investors Lockheed Martin, GE Security, Baker Capital, Lehman Brothers, and Clear founder and CEO Steven Brill also contributed in this funding round. Clear plans to use the financing to further its membership growth in its existing markets and will also expand its fast lanes beyond airport installations in new markets across the country.
The Clear registered traveler program pre-screens travelers. After completing an application, which involves providing iris and fingerprint images, the traveler receives a card that enables access to expedited security lanes at airports across the country. Clear members’ identities are authenticated through biometric verification every time they go through airport security.
Clear’s annual membership fee is $128 and can be used at 18 airports throughout the country. ![[end]](/resources/bullet/secureidnews-4.gif)
