- 1Kosmos has secured $57 million in Series B funding for its passwordless identity verification technology.
- The company will use the investment, which includes a $10 million line of credit from Bridge Bank, to fuel product innovation, expand integrations with IAM, CIAM, PAM, and zero trust platforms, and accelerate global growth.
- Today’s momentum comes amid recent achievements for the company, including FedRAMP High and Kantara certification, a $194.5 million Login.gov contract, and a Microsoft Entra ID integration.
Passwordless identity verification company 1Kosmos raised $57 million this week in a Series B round. The investment, which boosts the company’s total funding to $72 million, consists of a $10 million line of credit from Bridge Bank, as well as contributions from Forgepoint Capital and Origami’s Oquirrh Ventures, which led the round, and Craig Abod, NextEra Energy Ventures, Gula Tech Adventures, and the 1Kosmos management team.
“Identity has become the first step in the kill chain. This investment allows us to strengthen the proactive controls organizations need to prevent impersonation-based attacks—whether it’s a sophisticated hacking group or a state-sponsored developer hiding in plain sight,” said 1Kosmos CEO Hemen Vimadalal, noting the rise in impersonation-based attacks from sophisticated hacking groups and state-sponsored actors. “1Kosmos identity verification is the only practical solution that can be quickly deployed in a matter of hours to effectively combat this threat.”
1Kosmos will use the funds to advance product innovation; deepen technology integrations with identity and access management (IAM), customer identity and access management (CIAM), privileged access management (PAM), and zero trust platforms; and accelerate global expansion across North America, EMEA, and APAC.
Founded in 2018, 1Kosmos uses live biometrics to facilitate passwordless access for workers, customers, and citizens to digital services. The company’s BlockID platform creates a distributed digital identity that prevents identity impersonation, account takeover, and fraud while reducing friction. 1Kosmos’ technology performs millions of authentications each day for some of the largest banks, telecommunications, and healthcare organizations across the globe.
“The mission at 1Kosmos since its inception has stayed remarkably focused on providing individuals with a secure digital identity, one they control and use to prevent identity fraud when accessing digital services,” said Forgepoint Capital Managing Director Ernie Bio. “As the largest investor in the company, we are proud of their track record of innovation and delighted to see their accelerating growth.”
1Kosmos’ announcement comes amid a string of successes. Recent wins for the New Jersey-based company include:
- Integrating its BlockID platform with Microsoft Entra ID for streamlined identity and access management.
- Becoming the only full-service Kantara-certified credential service provider with FedRAMP High authorization, making it eligible for the US government’s most security-sensitive workloads.
- Winning a 10-year, $194.5 million blanket purchase agreement, in partnership with Carahsoft, to supply identity proofing for Login.gov.
As organizations seek to eliminate passwords and reduce identity fraud, while improving the customer experience, 1Kosmos’ biometrics-driven approach positions it to capture the identity verification market. With fresh funding and new federal certifications, the Best of Show-winning company is aiming to scale quickly across North America, EMEA, and APAC.
Photo by George Becker
Views: 87
