Dapple Security recently raised $2.3 million in the pre-seed round – which has been supported by mission-driven investors who believe in Dapple’s solution and mission. This round was led by First In, a company that has a strong conviction in investing in founders who are veterans of the Military and Intelligence Community.
The new fund ex/ante also added Dapple to its list of early investments, firmly aligning with their thesis of security, privacy, and individual freedom. Access Ventures and Techstars also joined as significant investors in the round. And Dapple Security will be among the nation’s first cybersecurity ventures to innovate a new approach to utilize biometrics that enables the creation of revocable, reproducible digital credentials in which biometric data is never stored anywhere.
Unlike other current cybersecurity offerings, Dapple designed a way to reproduce confidential biometric and passkey data on demand across multiple devices without storing credentials, providing an unprecedented solution to privacy and digital sovereignty. And the company’s goal is to help fight cybercrime, which is predicted to cost trillions of dollars.
After spending almost a decade as a cryptographer at the National Security Agency, Dapple Security Founder Gadalia Montoya Weinberg O’Bryan knows all too well the issues around securing the U.S. population and the delicate balance required between security and privacy. And when it comes to digital security, her biggest concern is the dire consequences that come from one simple action of giving someone a password (or having it stolen). According to O’Bryan, this is by far the most common way that cybercrime starts. With millions affected every year, there’s a desperate need to find better ways to translate true identities in the physical world into digital ones so they cannot be so easily stolen.
Dapple will launch this year by supporting cybersecurity for small and mid-sized businesses. And it’s a sector that O’Bryan says is often overlooked and the most at risk of attacks due to lack of access to easy-to-adopt and affordable cybersecurity infrastructure.
Dapple provides a way for employees to replace all their passwords with a passkey which becomes a digital “lock and key” from a user’s biometrics like a fingerprint or face. And typically this data used for biometric authentication is stored locally on a given device but Dapple will save the digital lock (which is not sensitive) in the cloud, enabling one passkey to be used across multiple devices, rather than needing to create a new key for each device, or sync sensitive keys via the cloud.
