A prominent player in the security industry is making a strategic investment in 1Kosmos. Gula Tech Adventures did not disclose the size of its investment, but President Ron Gula indicated that the decision speaks to the innovative nature of 1Kosmos’ identity offerings. In that regard, the 1Kosmos solution uses biometrics to link an individual to their digital credentials.
“Gula Tech Adventures made this investment because 1Kosmos is pioneering an approach based on the vision that a user’s identity and the authentication method they use to login to a system should be inseparable,” said Gula. “Unifying these two functions allows 1Kosmos to not only support passwordless access, but also multi-factor authentication, Zero Trust, distributed identity with privacy and user consent at its core.”
Gula himself is an established figure in the cybersecurity space. He co-founded and formerly served as the CEO of Tenable Network Security, and is well-regarded as an NSA cybersecurity expert. 1Kosmos believes that it stands to benefit from that expertise, insofar as Gula and his team are expected to provide the company with advice that will facilitate future growth.
“We are honored to welcome Ron as a strategic investor and were able to attract someone of his stature because he is aligned with our belief that we can’t get rid of passwords unless we eliminate the silos between authentication and identity verification,” said 1Kosmos CEO Hemen Vimadalal. “His accomplishments in the security industry speak for themselves and we look forward to tapping Ron and the GTA team’s advice and expertise to help us expand our market leadership position.”
1Kosmos can now cross-reference the data on an identity document with official records thanks to a new partnership with the American Association of Motor Vehicle Administrators. The company’s BlockID solution is FIDO2-certified, and has passed standards evaluations with iBeta and the NIST.
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