Cybersecurity company Passage has secured $4m from a funding raise after emerging from a period of stealth.
The investment round was led by LiveOak Venture Partners and saw participation from Next Coast Ventures, Secure Octane and a range of angel investors.
According to Security Week, Passage is developing a platform that allows application developers to add passwordless authentication functionality with only a few lines of code.
The platform uses biometric systems such as Face ID, Touch ID and Windows Hello and falls back to magic links when biometrics are not available. This platform has launched as a public beta version alongside the funding.
Passage claimed that its solution is ideal for security and privacy focused firms and individuals due to the fact that it does not store any face, fingerprint or other biometric user data.
The company said the investment will be used to expand its platform, including with additional authentication methods and extensibility features and to hire more people.
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst
