Company:Transmit Security

From HandWiki
Transmit Security
TypePrivate
IndustrySoftware
Founded2014; 10 years ago (2014)
FoundersRakesh Loonkar
Mickey Boodaei
Headquarters
Boston, Massachusetts, United States
Tel Aviv, Israel
Area served
Worldwide
Key people
  • Rakesh Loonkar (President)
  • Mickey Boodaei (CEO)
  • Chris Kaddaras (CRO)
  • Chris Pick (CMO)
ProductsBindID,[1] FlexID, WorkID[2]
Websitewww.transmitsecurity.com

Transmit Security is a private cybersecurity and identity and access management company based in Tel Aviv, Israel and Boston, Massachusetts. Founded by Mickey Boodaei and Rakesh Loonkar in 2014, Transmit Security provides companies with customer authentication, identity orchestration, and workforce identity management services.[3] In June 2021, the company completed a Series A funding round by raising $543 million, which was reported to be the largest Series A in cybersecurity history.[4][5] Transmit Security is a FIDO Alliance Board member.[6]

History

Transmit Security was co-founded in 2014 by Mickey Boodaei and Rakesh Loonkar. Boodaei and Loonkar previously founded Trusteer in 2006, which was acquired by IBM in 2013 for $1 billion.[7]

In November 2020, Transmit Security ranked 5th on Deloitte's "North America Technology Fast 500", a list of the fastest-growing tech companies in North America.[8]

In February 2021, Transmit Security joined the FIDO Alliance Board.[9][10]

In June 2021, Transmit Security completed its Series A funding round by raising $543 million from investors. It was reported to be the largest Series A in cybersecurity history. Primary investors included Insight Partners, and General Atlantic, with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage and Artisanal Ventures. In September 2021, Citi Ventures and Goldman Sachs Asset Management joined as investors.[11][12]

Operations

Transmit Security’s main headquarters is located in Tel Aviv, Israel. Its North American headquarters is in Boston, Massachusetts.[13] Additional offices are located in London, Berlin, Tokyo, Hong Kong, Madrid, Sao Paulo, and Mexico City.[14]

See also

  • Secret Double Octopus
  • List of unicorn startup companies

References

  1. ↑ "Transmit Security launches BindID to replace passwords with biometric authentication". VentureBeat. 25 February 2021. https://venturebeat.com/2021/02/25/transmit-security-launches-bindid-to-replace-passwords-with-biometric-authentication/. 
  2. ↑ "New comer Transmit Security wants to simplify biometric authentication". TechCrunch. https://techcrunch.com/2017/01/11/new-comer-transmit-security-wants-to-simplify-biometric-authentication/. 
  3. ↑ "Cool Vendors in Identity and Access Management" (in en). Gartner. https://www.gartner.com/en/documents/3913483/cool-vendors-in-identity-and-access-management. 
  4. ↑ Shrivastava, Rashi. "Transmit Security Raises $543 Million, The Largest Series A Funding Round In Cybersecurity History" (in en). Forbes. https://www.forbes.com/sites/rashishrivastava/2021/06/22/transmit-security-raises-543-million-the-largest-series-a-funding-round-in-cybersecurity-history/. 
  5. ↑ Murphy, Hannah (3 September 2021). "The start-ups trying to kill the password". Financial Times. https://www.ft.com/content/92b5a390-f03a-450c-96b1-dd989b1bdada. 
  6. ↑ "FIDO Leadership" (in en). https://fidoalliance.org/overview/leadership/. 
  7. ↑ Shamah, David. "Opening new doors: Why IBM spent $1bn on security firm Trusteer" (in en). ZDNet. https://www.zdnet.com/article/opening-new-doors-why-ibm-spent-1bn-on-security-firm-trusteer/. 
  8. ↑ "2020 Technology Fast 500 Rankings". Deloitte. https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-fast-500-2020-winners-list.pdf. 
  9. ↑ "Transmit Security Joins FIDO Alliance Board - Transmit Security Blog". 9 February 2021. https://www.transmitsecurity.com/blog/transmit-security-proudly-joins-fido-alliance-as-a-board-member-in-continuous-effort-to-transform-identity-experiences. 
  10. ↑ Mascellino, Aless (10 February 2021). "Biometrics, digital ID alliances joined by Princeton Identity, Idemia, ATB Ventures, Transmit Security | Biometric Update". www.biometricupdate.com. https://www.biometricupdate.com/202102/biometrics-digital-id-alliances-joined-by-princeton-identity-idemia-atb-ventures-transmit-security. 
  11. ↑ "Transmit Security Raises $543 Million for Password-Free Future". Bloomberg. https://www.bloomberg.com/news/articles/2021-06-22/transmit-security-raises-543-million-for-password-free-future. 
  12. ↑ "Transmit Security raises $543M Series A to kill off the password". TechCrunch. https://techcrunch.com/2021/06/22/transmit-security-raises-543m-series-a-to-kill-off-the-password/. 
  13. ↑ "Massachusetts tech unicorns: Transmit Security raises $543M, hits $1B valuation". Boston Business Journal. https://www.bizjournals.com/boston/news/2021/06/22/transmit-security-latest-boston-tech-unicorn.html. 
  14. ↑ "About Us - Transmit Security". www.transmitsecurity.com. https://www.transmitsecurity.com/about. 



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