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Unibeam secures $6 million in Seed funding led by NFX to expand its SIM-based authentication technology.

Jun 09, 20256 months ago

Amount Raised

$6 Million

Round Type

seed

Tel AvivCyber SecuritySecurity

Investors

An D VenturesNfx

Description

Unibeam, an Israeli startup, has raised $6 million in a Seed funding round to develop its cryptographic authentication technology. The investment was led by NFX, with participation from AnD Ventures. The company focuses on a SIM-based identity verification method that combats digital fraud efficiently. With a rise in identity fraud cases, Unibeam aims to redefine security authentication.

Company Information

Company

Unibeam

Location

Tel Aviv, Tel-Aviv District, Israel

About

Unibeam offers a secure and easy way for companies to verify customers using their phone's SIM card. It protects against hacks like SIM swaps and social engineering by linking your phone’s SIM with your mobile device. No need to download any apps—Unibeam works on any device and network, combining the ease of OTP (One-Time Password) with the extra protection of SIM-based security. Trusted by millions worldwide, Unibeam helps with safe logins, approving transactions, and more.

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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