headquarters in Boston.īoodaei in 2002 co-founded cyber firm Imperva, which went public in New York in 2011 and was later bought by private equity firm Thoma Bravo. Customers can authenticate and access their accounts using the embedded fingerprint or face scanner in their devices, or use their mobile device to securely and easily authenticate to other devices and channels that don’t have an embedded biometric reader, it said.Ĭustomers include six of the seven largest financial institutions in the United States, two of the largest merchants in the United States, and many financial organizations, merchants and online service providers in Europe, Asia and Latin America, Transmit said.
#Transmit security founders software
Transmit’s main product is BindID, customer authentication service that is completely password-free, which requires no customer software or dedicated hardware and can be used across any channel or device. “With this latest round of funding … we can significantly expand our reach to help rid the world of passwords.” “By eliminating passwords, businesses can immediately reduce churn and cart abandonment and provide superior security for personal data,” said Transmit Security Chief Executive and co-founder Mickey Boodaei. The organizational chart highlights the reporting lines within the company, starting with Mickey Boodaei - the Chief Executive Officer & Co-Founder of Transmit Security, and followed by additional decision makers: Craig Currim, Field Chief Technology Officer & Chief Information Security Officer, and Rivi Heller, Chief Human Resources Officer. It said that in addition to the added costs of help desks needed to reset passwords, weak passwords account for 80% of data breaches.
The company cited research that 55% of consumers stop using a website because the login process is too complex, while 87.5% find themselves locked out of an online account after too many failed login attempts. The funds bring Transmit’s valuation to close to $3 billion, with the round led by Insight Partners and General Atlantic, with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures.įounded in 2014, Transmit Security said it will use the financing to expand and invest in its aim to eliminate the use of passwords by shifting to biometric authentication of websites and apps.
#Transmit security founders series
US-Israeli cybersecurity firm Transmit Security raised $543 million in an early-stage funding round, saying on Tuesday it was the largest ever Series A funding round in cybersecurity history.
0 kommentar(er)
