Averon Closes New Funding Round Bringing Raise to $13.3 Million
Summary
SAN FRANCISCO, March 21, 2018 /PRNewswire/ -- Averon, developer of the worlds first mobile identity verification standard that is both automatically frictionless and ultra-secure, announced today it has closed a $5 million Series A1 financing round led by Avalon Ventures and Salesforce founder and CEO Marc Benioff. "The pandemic of fraud and cybercrime shows that status quo solutions havent adequately protected people or businesses from these growing dangers," said Brady Bohrmann, Avalon Ventures managing director. "In an industry that over the past 20 years has barely made a dent in solving the crisis of digital identity, Averon is a beacon of hope providing the first solution to autonomously keep user data safe while inoculating against costly threats and opening new revenue streams. Averon is trusted by the worlds leading ridesharing and transportation services, digital currencies, cryptocurrency wallets, and global telecommunications companies to provide the most seamless user experience with the highest caliber security. Averon requires no installations, zero effort by users and doesnt rely on identifiable personal data, making it the most private security solution across the digital realm, from banking and ecommerce to fraud prevention in ticketing and bot commerce.