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Transmit security ceo10/20/2023 “We understand that account security, threat intelligence and identity verification - seamlessly integrated as an end-to-end solution - are essential to protecting customer accounts while delivering an excellent user experience. “From our founding, we have delivered identity orchestration, multifactor and passwordless authentication and other capabilities for the most risk-aware companies,” said Mickey Boodaei, co-founder and CEO of Transmit Security. The company also rebranded its identity products, reflecting the shift to a developer-friendly approach to delivering secure identity services as APIs. ![]() Transmit Security announced essential new capabilities of its customer identity and access management (CIAM) platform, along with key milestones and record customer and revenue growth for the first half of 2022. By implementing these solutions organizations are able to improve the user experience, enhance security and satisfy compliance requirements at a fraction of the cost of traditional identity solutions.Security leader delivers expanded fraud protection, threat intelligence and identity verification as integral parts of its cloud-native customer identity & access management platform Through our innovative technology and the trust of all of our investors, we will continue to effectively end the password era and usher in a new wave of secure, frictionless identity experiences across all industries and platforms around the globe. and many financial organizations and online service providers throughout Europe, Asia and Latin America. Our customers include six of the seven largest financial institutions in the U.S., two of the largest merchants in the U.S. We are excited to be part of their journey.” “From our very first meeting with Mickey and Rakesh, we were struck not only by their deep expertise in cybersecurity, but their passion for and focus on developing a technology that is solving for a global business challenge. “Many of today’s security breaches start with password-based hacks that leave customers vulnerable, and we believe that Transmit Security is part of the solution to this problem,” said Joe DiSabato, a Managing Director in the Growth Equity business at Goldman Sachs. “With their deep cybersecurity expertise, Mickey (Boodaei) and Rakesh (Loonkar) are the obvious leadership team to shepherd large organizations into a world where passwords are no longer barriers.”Īs pioneers in our industry, we are proud to lead the market with our identity experience solutions that create seamless customer experiences across all channels, apps and browsers. ![]() “The Transmit Security team is solving a password protection problem that has plagued companies for years, and up until now there has not been a solution that can seamlessly and securely integrate into existing platforms,” said Arvind Purushotham, Managing Director and Global Head of Venture Investing at Citi Ventures. Our passwordless solution enables our customers to focus on their core business instead of having to solve security and authentication problems. Our unique approach to passwordless authentication increases security while also making things easier for users, who no longer have to authenticate their identity multiple times on different devices or reset forgotten passwords to gain access to their accounts. “We are incredibly honored to have globally recognized investment partners such as Citi Ventures and Goldman Sachs that not only believe in our mission to rid the world of passwords but also believe in our leadership.” Mickey Boodaei, Transmit Security Co-Founder and CEO shared his thoughts on our two newest investors: ![]() Building on the exciting news of our record-breaking Series A financing, we are proud to announce that Citi Ventures and Goldman Sachs have joined as additional investors in our $543M round of funding.
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