![]() Transmit Security competes with Okta ( OKTA +3.3%).The fact that we have raised a record amount of funding is a clear indication that the world is ready to eliminate passwords and embrace biometric authentication technology so that they can deliver enhanced user experiences combined with significantly heightened levels of security." “Transmit Security is offering application owners a new reality: The ability to go passwordless no matter the size of their organization or number of users. We've all learned to suffer and accept the terrible user experience and poor security that comes with passwords just because that's the way it has always worked in the past,” says Transmit Security President and co-founder Rakesh Loonkar. Whenever an app texts me a code that I have to enter, I become frustrated with the process. “Every time I see a login button on a website, I get anxious.Transmit Security uses biometric authentication for its natively passwordless identity and risk management solution.Transmit will use the funding to increase its reach and expand its primary business functions.Insight Partners and General Atlantic led the round with additional investments from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Venture. ![]() ![]() The round is the largest Series A in history for a cybersecurity company. Secure every step of your customer’s digital identity journey Transmit Security gives businesses the modern tools they need to build secure, trusted and end-to-end digital identity journeys to innovate and grow. Transmit Security, the Identity Experience company, today announced it has raised 543 million in Series A funding, bringing the company’s pre-money valuation to 2.2 billion, and marking the largest Series A funding round in cybersecurity history and one of the highest valuations for a bootstrapped company. Transmit Security raises $543M in a Series A round with the pre-money valuation standing at $2.2B. Transmit Security 16,534 followers on LinkedIn. ![]()
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