Date posted: 04/14/2020
Business location: New York, NY
Amount Funded: $30 Million
Type: Series A
Lead Investor: Koch Disruptive Technologies, LLC, New Enterprise Associates
Participating Investor(s): Not listed
Note: Investors in red are new investors to this company.
Company Description: “Headquartered in New York City, Beyond Identity was founded by industry legends Jim Clark and Tom Jermoluk to eliminate passwords and radically change the way the world logs in, without requiring organizations to radically change their technology stack or processes. Funded by leading investors, including Koch Disruptive Technologies (KDT) and New Enterprise Associates (NEA), Beyond Identity’s mission is to empower the next generation of secure digital business by replacing passwords with fundamentally secure X.509-based certificates. This patents-pending approach creates an extended Chain of Trust™ that includes user and device identity and a real-time snapshot of the device’s security posture for adaptive risk-based authentication and authorization. Beyond Identity’s cloud-native solution enables customers to increase business velocity, implement new business models, reduce operating costs, and achieve complete passwordless identity management. Visit www.beyondidentity.com for more information.”
What funding will be used for: Development of its password-less technology.
Media/information contact: https://beyondidentity.com/company/contact-us
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