Futurae raises CHF 2m to drive change in secure authentication landscape
26.09.2018
As phishing becomes ever more sophisticated, two-factor authentication is essential – but it’s widely hated. Authentication-as-a-service provider Futurae aims to remove the annoyance factor for a seamless user experience.
 The team and board members of Futurae
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Its technology has impressed market watchers and now the company has raised CHF 2 million in a financing round. With the funds, Futurae wants to accelerate its market expansion. The round was led by AXA Venture Partners - its first Swiss investment - and DIventures, with participation from Zürcher Kantonalbank and Stefan Muehlemann, founder and CEO of Loanboox.
The Zurich-based startup aims to make every type of login seamless and secure, by using sensor signals and context, plus a range of other authentication and transaction confirmation technologies. Instead of taking sensitive personal information like biometric traits, their solution works with the context and offers plug-and-play strong authentication options in a modular way for any web platforms or mobile applications, even with devices like Alexa.
Futurae successfully won Venture Kick stage 3 in 2017, an important step in the young companies history. Sandra Tobler, CEO and co-founder, says: "IT security should not be a stumbling block but rather integrate seamlessly into the digital journey of every user. Venture Kick was incremental in the initial phase, with their support helping us to bootstrap the company and work on our go-to-market strategy. With this financing round we are ready to build an even stronger market presence."
The team is currently working with major players in the identity and access management domain within the financial and insurance industry, as well as with fast-growing startups.
The Zurich-based startup aims to make every type of login seamless and secure, by using sensor signals and context, plus a range of other authentication and transaction confirmation technologies. Instead of taking sensitive personal information like biometric traits, their solution works with the context and offers plug-and-play strong authentication options in a modular way for any web platforms or mobile applications, even with devices like Alexa.
Futurae successfully won Venture Kick stage 3 in 2017, an important step in the young companies history. Sandra Tobler, CEO and co-founder, says: "IT security should not be a stumbling block but rather integrate seamlessly into the digital journey of every user. Venture Kick was incremental in the initial phase, with their support helping us to bootstrap the company and work on our go-to-market strategy. With this financing round we are ready to build an even stronger market presence."
The team is currently working with major players in the identity and access management domain within the financial and insurance industry, as well as with fast-growing startups.