Oregon
Oregon cybersecurity startup moves HQ to Texas, Washington
Hillsboro identity verification startup Q5id is moving its headquarters to new locations in Bellevue, Washington, and Austin, Texas.
Q5id said it’s splitting its headquarters between those two cities in pursuit of software engineering skills, proximity to potential business partners and “tax and business friendly environments.”
Founded in 2018, Q5id emerged from the wreckage of another Hillsboro technology company, SureID. SureID was among Oregon’s largest homegrown technology companies until 2017, when it lost its contract providing identity verification services to the U.S. Navy, an arrangement that provided 70% of its revenue.