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The Scottsdale-based company offers the world's first fully passwordless authentication technology. It helps organizations to mitigate virtually all risks associated with compromised credential attacks by reducing their attack surface.
FREMONT, CA: Passwordless multi-factor authentication technology startup Trusona raised USD 20 million in a funding round led by growth equity firm Georgian Partners, with participation from prior investors including Kleiner Perkins, M12, OurCrowd, and Seven Peaks Ventures. Intelligent edge platform for digital experiences provider Akamai joined the funding round as a strategic partner.
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"This round of funding will not only help us meet the growth in demand for our passwordless authentication solutions but will also support new breakthrough innovations," said Ori Eisen, Founder, and CEO at Trusona. "We are on a mission to make the online world a safer place by turning usernames and passwords into memories and eliminating compromised credentials."
The Scottsdale based company offers the world's first fully passwordless authentication technology. It helps organizations to mitigate virtually all risks associated with compromised credential attacks by reducing their attack surface. Despite involving sophisticated technologies, Trusona's seamless UI makes it easy to log in to any platform on any device without usernames or passwords.
"Trusona gave us a lot more confidence in our security posture," said Alex Manea, CSO and VP Product at Georgian Partners. "Their passwordless authentication solution protects us against public data breaches and phishing attacks. I'm impressed with how easy it was to deploy and how seamless they've made the user experience."
The company has also faced unprecedented demand from enterprises that are looking to move away from traditional, password-based solutions. Even two-factor authentication (2FA) and multi-factor authentication (MFA) solutions that rely on usernames and passwords as the first-factor authentication are vulnerable and ineffective.
"We are seeing increasing demand for passwordless authentication because of how it simplifies and improves the user login experience," said Rick McConnell, president, and general manager, Web Division, Akamai. "Trusona's unique approach complements what Akamai does to register and manage customer identities, allowing our customers to offer great online experiences while reducing fraud and achieving compliance with growing regulatory requirements."
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