Cybersecurity
Transmit Security Raises $543 Million for Password-Free Future
- Biometric authentication company valued at $2.2 billion
- Startup provides safe and hassle-free login to company clients
This article is for subscribers only.
In an era of rising incidents of hacking, cybersecurity startup Transmit Security has raised $543 million to expand its business providing companies with biometric authentication systems instead of user passwords.
The cash injection brings the seven-year-old company’s valuation to $2.2 billion, Transmit Security announced Tuesday. Investment in its first funding round was led by New York-based firms Insight Partners and General Atlantic.