Token, a Rochester, NY-based provider of secure, wearable authentication solutions, raised $13M in Series B funding.
The round was led by Grand Oaks Capital, the investment arm of philanthropist and Paychex founder, Tom Golisano.
The company intends to use the funds to increase its investment in solution development and generate demand for its technology.
Led by CEO John Gunn, Token enables organizations to secure access to networks and critical assets by providing passwordless, biometric, multifactor authentication using a convenient smart ring, and solve the problems of hacking, social engineering, and malware for organizations where breaches, data loss, and ransomware must be prevented.
Prior to joining Token, Gunn served as Chief Revenue Officer of OneSpan, Inc., a leader in SaaS-based digital agreement security, and has held previous positions as President and General Manager of various technology companies including VisionTek and Aladdin Knowledge Systems.
FinSMEs
29/06/2022