Microsoft Ventures Leads Series B Funding in Trusona
Financing Will Be Used to Accelerate Growth and International Expansion of No Passwords Identity Authentication
Scottsdale, AZ – June 13, 2017 – Trusona (www.trusona.com ), the global leader in simply secure identity authentication, today announced it has raised $10 million in a Series B funding round led by Microsoft Ventures joining current investor Kleiner Perkins. Trusona’s Identity Authentication Suite provides a range of solutions from frictionless #NoPasswords login to the only insured authentication protecting the world’s most precious assets. Trusona will use new funding to accelerate growth and international expansion.
“Identity management is a critically important and growing space,” said Nagraj Kashyap, corporate vice president, Microsoft Ventures. “Helping businesses and consumers move toward a safer and more secure digital world is a priority for Microsoft. We believe in the work Trusona is doing to give their enterprise clients peace of mind when it comes to data protection.”
“Trusona is committed to solving how people prove identity online,” said Ori Eisen, CEO and founder of Trusona. “We are honored that Microsoft Ventures has chosen to support Trusona’s vision to eradicate the use of static passwords and create a safer world online.”
“Having invested in Ori’s previous company, I know he is the person that can build a team and technology that will revolutionize online authentication both in its security and its simplicity,” said Ted Schlein, General Partner at Kleiner Perkins. “I am delighted to see the overwhelming interest in the technology across all business sectors - from banks to entertainment, from automotive to healthcare, and from higher education to government. Microsoft Ventures is an ideal partner to help Trusona continue to expand into new industries globally.”
Trusona's identity proofing coupled with authentication is rethinking the old ways of cybersecurity and eliminating the need for static usernames and passwords, internet security's weakest link. Trusona's solutions ensure people are who they say they are and no one else can, relying on patented technology that uses the unique nature of each authentication to assure the True Persona behind every digital interaction. Offering three tiers of security, Trusona is already being utilized by companies across government, media, health care, finance and education.
In 2017, Trusona introduced two new products - Trusona for Wordpress and Trusona for Salesforce - offering an effortless and more secure no password login for Wordpress and Salesforce, respectively.
Trusona is the global leader in simply secure Identity Authentication. Trusona’s Identity Authentication Suite provides a spectrum of solutions spanning from frictionless, no password login to world's only insured authentication protecting the world’s most precious assets. Trusona’s solutions leverage patent pending anti-replay technologies that uses the unique nature of each authentication to ensure the True Persona behind every digital interaction. Trusona is leading the #NoPasswords revolution where there are no passwords to be created, remembered, stolen, or compromised. The company was founded in 2015 by CEO and cyber security expert Ori Eisen and is funded by Kleiner Perkins Caufield & Byers. For more information about Trusona, visit www.trusona.com
About Microsoft Ventures
Microsoft Ventures is the corporate venture arm of Microsoft, (Nasdaq “MSFT” @microsoft) the leading platform and productivity company for the mobile-first, cloud-first world. Microsoft Ventures partners with visionary entrepreneurs looking to drive digital transformation. As part of its promise to portfolio companies, Microsoft Ventures offers unrivaled access to go-to-market resources and strategic relationships globally. Microsoft Ventures currently operates in London, New York, San Francisco, Seattle and Tel Aviv. Learn more here.
About Kleiner Perkins
Kleiner Perkins partners with the brightest entrepreneurs to turn disruptive ideas into world-changing businesses. The firm has helped build and accelerate growth at pioneering companies like Google, App Dynamics, Amazon, Flexus Biosciences, Nest, Waze, Twitter, JD.com and Square. Kleiner Perkins offers entrepreneurs years of operating experience, puts them at the center of an influential network, and accelerates their companies from success to significance. For more information, visit http://www.kpcb.com and follow us @kpcb.