Keyless, a London, UK-based privacy-preserving biometric authentication company, raised $2M in additional funding.
The round, which brought the total amount to $10M, was led by existing investors Rialto Ventures and Experian Ventures.
The company intends to use the funds to accelerate its expansion in North America and drive innovations to combat deepfake technology, particularly within the financial services sector.
Led by CEO Andrea Carmignani, Keyless uses facial biometrics to authenticate users in a privacy-preserving way. The product is used by banks, fintechs, crypto platforms, and gaming companies to reduce account takeovers, secure high-risk actions, and improve operational efficiency. Available via app and web, its Zero-Knowledge Biometrics™ technology delivers multi-factor authentication in one glance in 300 milliseconds without storing biometric data anywhere. Keyless is ISO 27001 and ISO 30107 accredited and holds both FIDO Biometrics and FIDO2 certifications.
Keyless has 50 employees across multiple offices in the UK, US, and EU. In 2024, the company experienced rapid growth with new customers in the UK, EU, and North and South America. The company serves multinational customers across the banking, fintech, crypto, and gaming sectors. Keyless also increased its presence in the US, adding industry experts Sarah Clark and Charles Walton, both former SVPs at MasterCard, as advisors, and hiring North American Sales and Technical Services Directors.
FinSMEs
22/01/2025