- Axiad Holdings — a leading cloud-based passwordless authentication platform — announced recently that it has raised its first outside financing with a $20 million growth round from Invictus Growth Partners
Axiad Holdings — a leading cloud-based passwordless authentication platform — announced recently that it has raised its first outside financing with a $20 million growth round from Invictus Growth Partners. The proceeds of the funding will be used to accelerate sales, marketing and development of its cutting edge multi-factor authentication platform — which protects more than 2.5 million enterprise credentials for hundreds of global customers. And Invictus Co-founders and Managing Partners John DeLoche and William Nettles will join Axiad’s board.
Axiad enables the most secure and simple passwordless experience for any authentication method adopted within the enterprise, including biometrics, PKI, Mobile MFA, YubiKeys, TPM, smart cards, and others. And Axiad’s cloud platform manages every credential’s lifecycle holistically in one place, providing a cohesive experience for the business and its users, including privileged and non-privileged users.
Plus Axiad secures all digital interactions for both users and machines no matter where they are, a necessity for enterprises as the traditional security perimeters disappear. And Axiad’s platform adapts to enterprises’ evolving security needs, accelerating and simplifying the path towards passwordless.
KEY QUOTES:
“We have been bootstrapped and cash flow positive for more than 10 years, so taking outside capital was a big decision. Invictus proved to be the right partner for us, bringing not only capital but also a deep operating bench and a network to help us scale faster. We are excited to have them as partners as we continue to accelerate our vision of providing enterprises with a policy-driven, automated passwordless experience, without compromising on security.”
— Yves Audebert, Co-founder and Co-CEO of Axiad
“At a time when secure digital interactions are more important than ever, Axiad’s innovative platform addresses the pain points enterprises face with adopting and managing multiple credentials, providing a seamless experience for all users and use cases. We are honored to partner with Axiad on their mission to become the standard for passwordless authentication.”
— John DeLoche, Co-founder and Managing Partner at Invictus
“The Invictus team brings unique machine learning and other operating expertise which will be invaluable as we continue to innovate best-in-class identity platforms to meet our customers’ needs. We are grateful to have them in our corner.”
— Bassam Al-Khalidi, Co-Founder and Co-CEO of Axiad
“Axiad has been a leader in multi-factor authentication and credential management for more than a decade and their platform protects many of the world’s leading enterprise, financial services, healthcare and government customers. We are thrilled to partner with them on their mission.”
— William Nettles, Co-founder and Managing Partner of Invictus
