Scienza e Tecnologia
Keyless partners with leading IAM vendors to help accelerate adoption of next-gen biometrics and brings funding total to USD 9.2 million
With the global biometric system market projected to grow to USD 68.6 billion by 2025, according to the Biometrics Markets Report, these partnerships will help organisations be more agile in providing a secure, privacy-first biometric authentication solution to customers and employees.
Identity and Access Management vendors, like Microsoft Azure AD B2C, Auth0 and OneLogin, respectively service thousands of organisations across the world, helping them to manage customer and employee identities. However, most IAM providers don't have their own biometric authentication technology, and are looking to partner with companies providing cutting-edge solutions.
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Building on the momentum gained through these new partnerships, along with a growing base of customers, Keyless recently secured another USD $3 million in funding, bringing the startup's total seed funds to USD $9 million .
This latest extension of the company's seed round was led by Italian venture capital firm P101 SGR, (through its second investment vehicle P102 and ITALIA 500 – a fund created by Azimut Libera Impresa.
SGR, managed under mandate by P101). Primomiglio SGR, Inventures and Gumi Crypto Capital also participated in this round.
For more information, please visit www.keyless.io
Keyless is a deep-tech cybersecurity company that offers privacy-first passwordless authentication and personal identity management solutions for the enterprise. They are the first to combine multi-modal biometrics with privacy-enhancing technologies and a distributed cloud network. Keyless' proprietary technology eliminates the need for businesses to centrally store and manage passwords, biometric data, and other sensitive personally identifiable information.