• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Invictus Makes $20M Investment in Axiad’s Passwordless Authentication Tech

January 26, 2021

Axiad is looking to boost sales and accelerate the development of its passwordless authentication platform after closing a $20 million funding round with Invictus Growth Partners. John DeLoche and William Nettles, the Co-founders and Managing Partners of Invictus, will join Axiad’s board to help guide the company’s future growth.

Invictus Makes $20M Investment in Axiad's Passwordless Authentication Tech

This is the first time that Axiad has obtained funds from an external source. The company is best known as the developer of a cloud-based credential management solution that is intended to eliminate in the need for passwords at the enterprise level. In plain terms, that means that the solution consolidates all of an organization’s credentials in a single convenient location, making it easier to keep tabs on everyone (and every machine) that has access to a system.

The Axiad identity cloud platform is compatible with most forms of passwordless authentication, including biometrics, smart cards, mobile devices, and hardware tokens like YubiKeys. The Invictus funds will be devoted to marketing, sales, and to the future development of the Axiad platform.

“We have been bootstrapped and cash flow positive for more than 10 years, so taking outside capital was a big decision,” said Axiad Co-Founder and Co-CEO Yves Audebert. “Invictus proved to be the right partner for us, bringing not only capital but also a deep operating bench and a network to help us scale faster. We are excited to have them as partners as we continue to provide enterprises with a policy-driven, automated passwordless experience.”

“Secure digital interactions are more important than ever,” added DeLoche. “Axiad’s innovative platform addresses the pain points enterprises face with adopting and managing multiple credentials, providing a seamless experience for all users and use cases.”

The Axiad solution can be deployed in virtually any sector, including government, finance, and healthcare. The company itself is a long-time supporter of the FIDO2 authentication standard.

Filed Under: Industry News Tagged With: authentication, Axiad, Biometric, biometrics, funding rounds, hardware tokens, investment funding, Invictus, passwordless authentication, security keys, smart cards

Related News & Articles

Forthcoming Notebook PCs To Feature Synaptics Biometrics

Cerence Launches Development Platform for In-Car Voice Assistants

Transparency Predicts Smart Locks will Drive $81 Billion Home Security Market

Primary Sidebar

Learn About Mobile ID and Aviation

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • HID Attains Anti-Spoofing Milestone With Lumidigm Fingerprint Biometrics
  • The Path to Biometric Universal Basic Income: Worldcoin Raises $115M in Series C Funding
  • Kenyan Officials Detail Ambitious Digital ID Plan
  • IDEMIA Brings Mobile ID to Missouri
  • Selfie-based Age Verification Emerges as Important New Digital Identity Market

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld