Token, a Rochester, NY-based provider of secure, wearable authentication solutions, raised $30M in funding.
Grand Oaks’ financing came in the form of a $20M secured note, and a $10M convertible note.
The company intends to use the funds to accelerate ongoing product development and launch anti-phishing and ransomware solution.
Led by CEO John Gunn, Token provides a passwordless, FIDO 2-compliant, biometric wearable that stops phishing attacks and data breaches. The Token smart ring is an authentication device that solves the vulnerabilities in BYOD approaches and legacy MFA products, and has already won five industry awards for innovation and security.
FinSMEs
24/04/2023