![]() ![]() Identity and access management continue to evolve and become more complex every day. The investment was led by Insight Partners and General Atlantic, with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures. In June 2021, Transmit Security secured $543M in a record-breaking funding round bringing the company’s pre-money valuation to $2.3 billion and marking the largest Series A funding round in cybersecurity history and one of the highest valuations for a bootstrapped company. This game-changing technology is already in use across a diverse range of sectors including, financial services, online retail, healthcare, and insurance. In early 2021, Transmit Security led the way again with the introduction of BindID, the first passwordless authenticator that doesn’t require a user to download an app or install anything on their device. ![]() In recent years the company has expanded its reach to new segments with significant customer deployments in retail and healthcare. Organizations such as CitiBank, UBS, and MassMutual are transforming their entire identity infrastructure based on the FlexID orchestration platform. Loonkar, the entrepreneurs and investors behind Trusteer (acquired by IBM), Imperva (IMPV), Palo Alto Networks (PANW), and many other market leading security technologies.īeginning with the invention of the industry’s first cross-channel identity orchestration platform, Transmit Security has engaged and been quickly adopted at scale by some of the largest global financial institutions. Transmit Security was founded in 2014 by Michael (“Mickey”) Boodaei and Rakesh K. ![]() Frictionless authentication solution that includes a game changing mobile biometric authenticator. ![]()
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