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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

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.