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1Kosmos, the only standards-certified platform that uses advanced biometrics and a private blockchain to create an indisputable, reusable digital identity for strong and continuous authentication, has.
25 May 2021 17:40 GMT
1Kosmos, the only standards-certified platform that uses advanced biometrics and a private blockchain to create an indisputable, reusable digital identity for strong and continuous authentication, today announced the availability of its Passwordless Identity Package (PIP). The 1Kosmos PIP provides enterprises a risk-free, scalable passwordless authentication solution.
Research has shown that up to 81% of data breaches are caused by identity and credential compromises, which have many organizations looking to multi-factor authentication and passwordless solutions. However, there are significant vulnerabilities with current systems and many businesses will begin moving to identity-first solutions in the year ahead, according to Gartner. The recent SolarWinds, Microsoft Exchange and Colonial Pipeline attacks have all begun with credential compromises. Similar breaches can be avoided in the future by adding standards-based identity proofing and authentica
Cybersecurity startup exits stealth mode to address identity and credential compromise.
SOMERSET, N.J. (BUSINESS WIRE) 1Kosmos, the only cybersecurity solution to provide digital identity proofing and passwordless authentication, announced a $15 million investment from ForgePoint Capital, the premier venture investor for early-stage cybersecurity companies. With the closing of this funding round, 1Kosmos comes out of stealth mode to offer a unique security platform that brings the highest identity and authentication assurance levels through advanced biometrics and a private blockchain ecosystem. Led by CEO Hemen Vimadalal, CTO Rohan Pinto and CSO Mike Engle, 1Kosmos’ family of products BlockID Verify, BlockID Workforce and BlockID Customer delivers unmatched security for enterprises and individuals.
[Funding alert] Cybersecurity startup 1Kosmos raises Rs 110Cr in Series A round from ForgePoint Capital
Cybersecurity startup 1Kosmos will use the funds to accelerate its growth and product roadmap. It has IndoStar Capital, BYJU’s, Bajaj Electrical, and more as its clients.
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1Kosmos on Tuesday said it raised Rs 110 crore in a Series A round from
ForgePoint Capital. It plans to use the fresh capital to accelerate its growth and product roadmap.
With the closing of this round, 1Kosmos comes out of stealth mode to offer a security platform that brings identity and authentication assurance levels through advanced biometrics and a private blockchain ecosystem.