Find the best fit for your organization by.Transmit Security is a company that has the potential for disrupting the cybersecurity and identification niche of the technology industry. Transmit Security will use the funding to increase the company's global reach, expand its operations, and accelerate the company’s mission to help the world go passwordless.Compare Okta vs Transmit Security based on verified reviews from real users in the User Authentication market. Previously bootstrapped, Transmit Security’s Series A funding round brings the company’s pre-money valuation to $2.2 billion.
With Transmit Security, organizations can deliver advanced identity solutions that improve the user experience, enhance security, and satisfy compliance requirements at a fraction of the time and cost of traditional identity solutions.Citi Ventures harnesses the power of Citi to help people, businesses and communities thrive in a world of technological change. "That means our customers can focus on their core business instead of having to solve security and authentication problems."Transmit Security provides the first natively passwordless identity and risk management solution to the world’s largest enterprises. Our approach to passwordless authentication increases security while also making things easier for individuals, who no longer have to authenticate their identity multiple times on different devices or reset forgotten passwords to gain access," said Transmit Security CEO and Co-Founder Mickey Boodaei. "With their deep cybersecurity expertise, Mickey (Boodaei) and Rakesh (Loonkar) are the obvious leadership team to shepherd large organizations into a world where passwords are no longer barriers.""We are incredibly honored to have globally recognized investment partners like Citi Ventures and Goldman Sachs that not only believe in our mission to rid the world of passwords, but also partners that believe in our leadership. We power organizations around the world with the most advanced and seamless identity experiences"The Transmit Security team is solving a password protection problem that has plagued companies for years, and up until now there has not been a solution that can seamlessly and securely integrate into existing platforms," said Arvind Purushotham, Managing Director and Global Head of Venture Investing at Citi Ventures. It could change the way that companies who use online and digital services do business.Transmit Security.
Transmit Security Full Spectrum Of
Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of March 31, 2021. Citi Ventures accelerates its portfolio companies’ ability to scale through collaboration with Citi’s global businesses and industry experts.About Goldman Sachs Asset Management Growth EquityBringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. The team focuses in six key areas: Financial Services & Technology, Commerce & Payments, Data Analytics & Machine Intelligence, Security & Enterprise IT, Marketing & Customer Experience, and Property Technology.
Customers include six of the seven largest financial institutions in the U.S, two of the largest merchants in the U.S., and many financial organizations, merchants and online service providers in Europe, Asia and Latin America.For more information, please visit Follow us on LinkedIn and Twitter source version on businesswire. Around the world, large enterprises are standardizing on Transmit Security to introduce innovative digital identity journeys. From onboarding to authentication to smart authorization for both customers and workforce across every channel, our technology reduces all forms of identity attrition and saves enterprises substantial costs. Follow us on LinkedIn.Transmit Security is on a mission to transform the identity experience market by ushering in a new era of passwordless authentication. We focus exclusively on investments in growth stage and technology-driven companies spanning multiple industries, including enterprise technology, financial technology, consumer and healthcare.
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