Axiad Holdings Raises $20 Million From Invictus Growth Partners to Accelerate the Future of Passwordless Authentication
Summary
The proceeds of the financing will be used to accelerate sales, marketing and development of its cutting edge multi-factor authentication platform, which protects more than 2.5 million enterprise credentials for hundreds of global customers. "At a time when secure digital interactions are more important than ever, Axiads innovative platform addresses the pain points enterprises face with adopting and managing multiple credentials, providing a seamless experience for all users and use cases. Axiad enables the most secure and simple passwordless experience for any authentication method adopted within the enterprise, including biometrics, PKI, Mobile MFA, YubiKeys, TPM, smart cards, and others. "The Invictus team brings unique machine learning and other operating expertise which will be invaluable as we continue to innovate best-in-class identity platforms to meet our customers needs. "Axiad has been a leader in multi-factor authentication and credential management for more than a decade and their platform protects many of the worlds leading enterprise, financial services, healthcare and government customers.