OwnID Raises USD6.2M In Seed Funding


OwnID, a Tel Aviv, Israel-based provider of a passwordless identity platform, raised $6.2m in seed funding.

The round was led by Mayfield. SAP also invested in the company.

Launched by the founding team of Customer Identity and Access Management (CIAM) leader Gigya (now part of SAP), Dor Shany and Rooly Eliezerov, OwnID provides a passwordless identity platform.

OwnID offers a “Skip Password” add-on which blends into existing registration and login forms (no app needed). The button enables users to authenticate with their phone biometrics. When browsing on desktop or any other device, users scan a QR code and are authenticated by their phone. OwnID can be added to existing forms by any developer using OwnID’s self-serving console.

It is being used by customers like Nestle, Delonghi and Bayer as well as tech startups like GistMD and Trackimo.