Transmit Security Raises $543 Million In Series A Funding To Rid The World Of Passwords

Jun 22, 2021•about 4 years ago

Amount Raised

$543 Million

Round Type

series a

Tel Aviv

Description

Transmit Security, the Identity ExperienceTM company, today announced it has raised $543 million in Series A funding, bringing the company’s pre-money valuation to $2.2 billion, and marking the largest Series A funding round in cybersecurity history and one of the highest valuations for a bootstrapped company. The funding round was led by Insight Partners and General Atlantic, with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures. Transmit Security will use the funding to increase the company's reach and expand its primary business functions, investing in key global areas in order to grow the organization, ultimately enabling the company to accelerate its mission to help the world go passwordless.

Company Information

Company

Transmit Security

Location

Tel Aviv, Tel Aviv District, Israel

About

Transmit Security is on a mission to transform the identity experience market by ushering in a new era of passwordless authentication. From onboarding to authentication to smart authorization for both customers and workforce across every channel, our technology reduces all forms of identity attrition and saves enterprises substantial costs. Around the world, large enterprises are standardizing on Transmit Security to introduce innovative digital identity journeys. Customers include six of the seven largest financial institutions in the U.S, two of the largest merchants in the U.S., and many financial organizations, merchants and online service providers in Europe, Asia and Latin America. For more information, please visit www.transmitsecurity.com. Follow us on LinkedIn at https://www.linkedin.com/company/transmit-security and Twitter @TransmitSec.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech