![]() ^ "Massachusetts tech unicorns: Transmit Security raises $543M, hits $1B valuation".^ "Transmit Security raises $543M Series A to kill off the password".^ "Transmit Security Raises $543 Million for Password-Free Future". ![]() "Biometrics, digital ID alliances joined by Princeton Identity, Idemia, ATB Ventures, Transmit Security | Biometric Update". ^ Mascellino, Aless (10 February 2021).^ "Transmit Security Joins FIDO Alliance Board - Transmit Security Blog".^ "2020 Technology Fast 500 Rankings" (PDF)."Opening new doors: Why IBM spent $1bn on security firm Trusteer". "The start-ups trying to kill the password". "Transmit Security Raises $543 Million, The Largest Series A Funding Round In Cybersecurity History". ^ "Cool Vendors in Identity and Access Management".^ "New comer Transmit Security wants to simplify biometric authentication".^ "Transmit Security launches BindID to replace passwords with biometric authentication".Additional offices are located in London, Berlin, Tokyo, Hong Kong, Madrid, Sao Paulo, and Mexico City. Its North American headquarters is in Boston, Massachusetts. Transmit Security’s main headquarters is located in Tel Aviv, Israel. In September 2021, Citi Ventures and Goldman Sachs Asset Management joined as investors. Primary investors included Insight Partners and General Atlantic, with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage and Artisanal Ventures. It was reported to be the largest Series A in cybersecurity history. In June 2021, Transmit Security completed its Series A funding round by raising $543 million from investors. In February 2021, Transmit Security joined the FIDO Alliance Board. In November 2020, Transmit Security ranked 5th on Deloitte's " North America Technology Fast 500", a list of the fastest-growing tech companies in North America. Dima Polsky is the head of research and development. Mickey Boodaei is a co-founder and chief executive officer. Boodaei and Loonkar previously founded Trusteer in 2006, which was acquired by IBM in 2013 for $1 billion. Transmit Security has a seven-member executive leadership team There are currently seven members in the executive leadership team that is leading Transmit Security forward. Transmit Security was co-founded in 2014 by Mickey Boodaei and Rakesh Loonkar. Transmit Security is a FIDO Alliance Board member. In June 2021, the company completed a Series A funding round by raising $543 million, which was reported to be the largest Series A in cybersecurity history. Founded by Mickey Boodaei and Rakesh Loonkar in 2014, Transmit Security provides companies with customer authentication, identity orchestration, and workforce identity management services. On behalf of the entire Transmit Security team, from Boston to Tel Aviv and everywhere in between, thank you for being part of our vision.Transmit Security is a private cybersecurity and identity and access management company based in Tel Aviv, Israel and Boston, Massachusetts. Through our unique and innovative technology we will make it our mission to effectively end the password era and usher in a new wave of secure, frictionless online identity experiences across all industries and platforms around the globe. By providing a better experience, businesses are able to acquire and retain more customers while lowering identity attrition. Our aim is to assist these organizations every step of the way by offering the most convenient, frictionless and secure customer experience solutions. Still today, many businesses are not aware of the negative impact of a suboptimal identity experience on their business and revenue. Therefore, the impact of your experience has a significant impact on your business results. Identity is at the heart of the user experience - it’s there when you sign up, sign in and check out. This investment will allow us to further increase our innovation leadership within the industry and enhance our global growth operations in key territories: NA, LATAM, EMEA and APAC while also expanding into new global markets. ![]() The investment, which comes in as the highest ever Series A round of funding in cyber security history, will accelerate our growth engines and enable us to reach higher achievements.Īs pioneers of our industry, we are proud to lead the market with our identity experience focused solutions - creating seamless customer experiences and further contributing to eliminating the world’s reliance on passwords. Since 2014, serial cyber entrepreneurs, investors and Co-Founders of Transmit Security, Mickey Boodaei and Rakesh Loonkar’s vision has remained unchanged - to rid the world of passwords. We are incredibly excited to share that Transmit Security has raised $543M in funding led by Insight Partners and General Atlantic, with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage and Artisanal Ventures.
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