![]() ![]() BindID requires no customer software or dedicated hardware and can be used across any channel or device.Ĭustomers can authenticate and access their accounts using the embedded fingerprint or face scanner in their devices, or use their mobile device to securely and easily authenticate to other devices and channels that don’t have an embedded biometric reader. Its BindID authentication service is completely password-free. Transmit Security provides the first natively passwordless identity and risk management solution using biometric authentication. Even worse, 92% of consumers will completely abandon a website rather than reset a password.Īccording to Forrester, the average help desk labor cost to reset a single password is more than $70. Research shows that 55% of consumers stop using a website because the login process is too complex, while 87.5% find themselves locked out of an online account after too many failed login attempts. Transmit won other laurels in the process too: The largest Series A funding round in cybersecurity history – earning it unicorn status with a pre-money valuation of $2.2 billion, one of the highest valuations for a bootstrapped company. Israeli cybersecurity startup Transmit Security, which promises to rid the world of clunky, usually-forgotten passwords, announced today its raise of $543 million in a Series A round led by Insight Partners and General Atlantic, with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures. ![]() Transmit Security provides a biometric-based authentication solution. ![]()
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