Anonybit Raises $3M To Further Build Out Biometric Security Platform Genie

Oct 17, 2023•almost 2 years ago

Amount Raised

$3 Million

Round Type

seed

New YorkBiometricsCyber SecuritySecurity

Investors

Anonybit

Description

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Company Information

Company

Anonybit

Location

New York, United States

About

Decentralization of data is key for maintaining personal privacy, data protection and digital security. Yet, today’s solutions fall short. Centralized databases are prone to hacks and device-based solutions leave gaping security holes that fraudsters exploit. Anonybit goes to the root of the problem – how biometric data is stored and managed. Instead of building higher walls around centralized databases or storing biometrics on devices only to use passcodes as a fallback, we ask, what if there was no data to find? What if there was no biometric template to store? Welcome to Anonybit. The world’s first FULLY decentralized biometrics, where personal privacy meets digital security.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers