1Kosmos has raised $57 million in Series B funding to expand its passwordless authentication platform, aiming to strengthen identity verification and fight impersonation fraud. The funds will support product enhancements, global expansion, and integration with third-party zero trust systems. #IdentityVerification #PasswordlessAuthentication
Keypoints
- 1Kosmos raised a total of $72 million in funding including a line of credit from Bridge Bank.
- The company’s platform helps prevent account takeover, impersonation, and fraud through credential verification and identity proofing.
- The funding will be used to enhance technology and accelerate global expansion efforts.
- Its solutions are used by industries such as banking, healthcare, telecom, tech, and retail.
- CEO Hemen Vimadalal emphasized the platform’s quick deployment to combat impersonation-based attacks.