2 years ago

Keyless Raises $6 Million to Expand Biometric Authentication Platform

  • Keyless, a London-based company specializing in privacy-preserving biometric authentication, has secured an additional $6 million in funding, bringing the total raised to $26 million

  • The round was led by Rialto Ventures and will be used to expand Keyless' operations and business reach

  • Keyless' technology helps ensure user identity throughout the account lifecycle, from onboarding to transaction signing, while protecting against fraud and identity theft

  • The funding comes after Keyless separated from its parent company, Sift, earlier this year, as the companies decided their respective products best serve different markets.

      • ProblemTechnology

      "Current authentication methods are inadequate in effectively establishing user identity, especially during account recovery, making organizations vulnerable to fraud."

      Solution

      "Keyless provides privacy-preserving biometric authentication that unifies the entire end-to-end identity lifecycle, ensuring genuine user identity from onboarding to account recovery. This helps organizations combat fraud and identity theft, while ensuring compliance with global data protection regulations."

      Covered on