UnifyID Raises $20M Series A Funding From NEA to Fuel Next Gen Authentication
UnifyID is leading the development of an implicit authentication platform that requires zero conscious user actions. The company announced that it has closed $20 million in Series A financing led by NEA. Investors Andreessen Horowitz, Stanford-StartX and Accomplice Ventures previously invested in the company's seed round, bringing the total invested to $23.4 million. This latest round of funding will be used to grow the team to expand enterprise trials, accelerate research and maintain the company's position as the leader in implicit authentication and behavioral biometrics.
To date, the company has developed the first implicit authentication platform designed for online and physical world use. Named RSA's Unanimous Winner for 2017, UnifyID utilizes sensor data from everyday devices and machine learning to authenticate you based on unique factors like the way you walk, type and sit. The company has also partnered with global corporations to assess generalizability of their software across industries.
Read UnifyID's press release for more information.