• 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

Jumio next-generation of digital ID verification.
  • 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 NewsTagged With: authentication, Axiad, Biometric, biometrics, funding rounds, hardware tokens, investment funding, Invictus, passwordless authentication, security keys, smart cards

Related News & Articles

NXP’s New Development Platform for Machine Learning in the IoT

Isorg to Demo Multi-Finger Smartphone Sensor at CES 2020

IoT Security Firm Receives Key Patent Approval

Primary Sidebar

FacePhi Selphi

Read the Latest Year in Review Analysis:

FacePhi Selphi

Tweets

FacePhi Selphi

Sponsored Links

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/
Aware ABIS webinar

Recent Posts

  • Fingerprint Sensors, Selfie Biometrics, Ankle Bracelets and More: This Week’s Top Stories
  • Goodix Places Fingerprint and Audio Tech in New realme Smartphone
  • Mastercard, Samsung Team Up On Biometric Payment Card Solution
  • BioIntelliSense Provides BioStickers to Track Effectiveness of Cancer Treatments
  • Yubico Makes Passwordless Authentication Generally Available for Azure AD Users
Aware ABIS webinar

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives

Follow Us

Copyright © 2021 MobileIDWorld