Beyond Identity, a NYC-based provider of a passwordless identity platform, raised $75m in Series B funding round.
Investors included New Enterprise Associates (NEA), Jim Clark, and Koch Disruptive Technologies, LLC.
The company, which has raised $105m in total funding to date, intends to use the funds to accelerate innovation of its advanced platform and to build a global presence, including the acceleration of distribution channels, OEM partners, and international sales and support.
Launched in April 2020 by Silicon Valley icons Jim Clark and Thomas (TJ) Jermoluk, Beyond Identity provides a cloud-native solution and advanced, standards-based architecture that aims to eliminate passwords to empower the next generation of secure digital business. By replacing passwords with fundamentally secure X.509-based certificates and enabling continuous, risk-based authentication, the company’s patents-pending approach creates an extended Chain of Trust™ that improves security and provides a login experience with no problems.
Beyond Identity is currently serving customers whose workforce counts range in size from less than a hundred, to hundreds of thousands of employees and businesses that are working to deploy its advanced identity platform to tens of millions of their end-user customers.