Yubico raises $30M as it looks to enhance the height over authentication

Yubico, a association behind a increasingly popular YubiKey two-factor authentication key, has lifted a $30 million appropriation round. This outlines a initial vital institutional appropriation spin for Yubico, that had formerly usually lifted $4.5 million from angel investors.

New investors embody New Enterprise Associates, a Valley Fund and Bure, a vital expansion equity organisation from Sweden.

Existing angel investors embody a likes of Salesforce CEO Marc Benioff and Yubico authority Ram Shriram. The group records that half of a association is still owned by a founders and group (which is something few companies announce when they accept new funding).

The association says it skeleton to use a new appropriation on product growth and to enhance a team. Specifically, Yubico skeleton to enhance over authentication. “With singular angel appropriation we have built a plain confidence hardware platform, co-created a new tellurian authentication standard, and won a world’s largest Internet companies as a customers,” Yubico CEO and Founder Stina Ehrensvard told me. “Now is a time to scale a product growth team, and enhance with some-more modernized program and services, including for IoT, payments and server encryption.”

Yubico now has offices in Sweden, a U.K., Germany, a United States, Australia and Singapore.

“With 9 of a tip 10 internet companies as YubiKey users, Yubico has built a clever substructure as an dignitary of new tellurian authentication standards,” pronounced Pete Sonsini, ubiquitous partner, NEA, in today’s announcement. “In a time when program does not offer sufficient insurance for online accounts and supportive information on servers, Yubico’s hardware corroborated keys are proven during scale.”

Over a march of a final few years, Yubico managed to spin a hardware keys into something same to a de facto customary for users who wish to supplement an additional turn of confidence to their online accounts. To get to this point, Yubico partnered with many of a largest online use providers, and a stream list of partners that support a keys embody Facebook, Google, GitHub, SalesForce, Atlassian, Dropbox, Dashlane, Docker and a few dozen others. With a YubiHSM, a association also offers a confidence procedure for safeguarding servers.

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Posted by on Jun 8 2017. Filed under NEWS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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