Spark-funded Clear Shuts Down
Wade Roush6/23/09
Clear, a five-year-old biometric passenger identification service intended to speed air travelers’ passage through security checkpoints, shut down last night. According to the service’s website, parent company Verified Identity Pass of New York, NY, was unable to obtain credit to continue operations. Boston’s Spark Capital led a $44.4 million Series C venture funding round for Verified Identity Pass last August. Syncom Venture Partners, Lockheed Martin, Baker Capital, GE Security, and Lehman Brothers also joined that round, which brought the company’s total funding at the time to $116.4 million.
Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.
