Keyless: A New Era in Biometric Authentication
January 23, 2025, 9:33 pm
Location: United Kingdom, England, Westminster
Employees: 11-50
Founded date: 2019
Total raised: $15.4M
In a world where digital security is paramount, Keyless emerges as a beacon of innovation. This London-based startup has recently secured an additional $2 million in funding, bringing its total to $10 million. The company is on a mission to redefine biometric authentication while tackling the growing threat of deepfake technology.
Keyless operates in a landscape fraught with challenges. Cyber threats loom large, and traditional security measures often fall short. The rise of deepfakes—manipulated media that can deceive even the most discerning eye—has created a pressing need for robust authentication solutions. Keyless is stepping up to the plate, armed with its Zero-Knowledge Biometrics™ technology. This system allows users to authenticate their identity in a mere 300 milliseconds, all without storing sensitive biometric data. It’s like a magician pulling a rabbit out of a hat—quick, efficient, and secure.
Founded in 2019 by Andrea Carmignani and his team, Keyless has quickly gained traction. The company’s technology is already trusted by banks, fintechs, crypto platforms, and gaming companies. These sectors are particularly vulnerable to account takeovers and fraud. Keyless offers a lifeline, reducing account takeover fraud by 73% and slashing help desk costs by 81%. The promise of a 454% return on investment is hard to ignore.
The recent funding round was led by existing investors Rialto Ventures and Experian Ventures. This financial boost will fuel Keyless’s expansion into North America, a market ripe for innovation. The biometric identity market for financial services is projected to grow at a staggering compound annual growth rate (CAGR) of 41% over the next three years, reaching a value of $40 billion globally. Keyless is poised to ride this wave.
Keyless is not just about numbers; it’s about people. The company has grown to 50 employees across multiple offices in the UK, US, and EU. The addition of industry veterans like Sarah Clark and Charles Walton, both former SVPs at MasterCard, as advisors signals a commitment to excellence. Their expertise will guide Keyless as it navigates the complexities of the North American market.
As the company looks to the future, it has ambitious plans. The new funding will not only support expansion but also drive innovation. Keyless aims to enhance its privacy-preserving solutions, particularly in combating injection attacks used in advanced deepfakes. This proactive approach sets Keyless apart from competitors who may be reacting to threats rather than anticipating them.
The technology behind Keyless is groundbreaking. Its multi-factor authentication can be accessed via app or web, supporting over 1,000 different devices. This versatility is crucial in a world where users demand seamless experiences. The convenience of authenticating in one glance is a game-changer. It’s like having a key that opens every door without the hassle of fumbling through pockets.
Keyless’s growth trajectory in 2024 was impressive. The company attracted new customers across the UK, EU, and both North and South America. This global reach is a testament to the effectiveness of its solutions. As businesses increasingly recognize the importance of secure authentication, Keyless stands ready to meet the demand.
The competitive landscape is fierce. Many companies are vying for a piece of the biometric authentication pie. However, Keyless’s focus on privacy-preserving technology gives it a unique edge. In an age where data breaches are commonplace, consumers are more concerned than ever about their privacy. Keyless addresses these concerns head-on, offering a solution that prioritizes user security without compromising convenience.
The future looks bright for Keyless. With plans to introduce new features and enhancements, the company is committed to pushing the boundaries of biometric authentication. The upcoming announcements are eagerly anticipated, as they promise to further solidify Keyless’s position as a leader in the industry.
In conclusion, Keyless is not just another startup; it’s a pioneer in the realm of biometric authentication. With its innovative technology, strategic funding, and a clear vision for the future, Keyless is set to make waves in North America and beyond. As the digital landscape continues to evolve, Keyless stands ready to protect users from the threats that lurk in the shadows. In the battle for security, Keyless is a formidable ally.
Keyless operates in a landscape fraught with challenges. Cyber threats loom large, and traditional security measures often fall short. The rise of deepfakes—manipulated media that can deceive even the most discerning eye—has created a pressing need for robust authentication solutions. Keyless is stepping up to the plate, armed with its Zero-Knowledge Biometrics™ technology. This system allows users to authenticate their identity in a mere 300 milliseconds, all without storing sensitive biometric data. It’s like a magician pulling a rabbit out of a hat—quick, efficient, and secure.
Founded in 2019 by Andrea Carmignani and his team, Keyless has quickly gained traction. The company’s technology is already trusted by banks, fintechs, crypto platforms, and gaming companies. These sectors are particularly vulnerable to account takeovers and fraud. Keyless offers a lifeline, reducing account takeover fraud by 73% and slashing help desk costs by 81%. The promise of a 454% return on investment is hard to ignore.
The recent funding round was led by existing investors Rialto Ventures and Experian Ventures. This financial boost will fuel Keyless’s expansion into North America, a market ripe for innovation. The biometric identity market for financial services is projected to grow at a staggering compound annual growth rate (CAGR) of 41% over the next three years, reaching a value of $40 billion globally. Keyless is poised to ride this wave.
Keyless is not just about numbers; it’s about people. The company has grown to 50 employees across multiple offices in the UK, US, and EU. The addition of industry veterans like Sarah Clark and Charles Walton, both former SVPs at MasterCard, as advisors signals a commitment to excellence. Their expertise will guide Keyless as it navigates the complexities of the North American market.
As the company looks to the future, it has ambitious plans. The new funding will not only support expansion but also drive innovation. Keyless aims to enhance its privacy-preserving solutions, particularly in combating injection attacks used in advanced deepfakes. This proactive approach sets Keyless apart from competitors who may be reacting to threats rather than anticipating them.
The technology behind Keyless is groundbreaking. Its multi-factor authentication can be accessed via app or web, supporting over 1,000 different devices. This versatility is crucial in a world where users demand seamless experiences. The convenience of authenticating in one glance is a game-changer. It’s like having a key that opens every door without the hassle of fumbling through pockets.
Keyless’s growth trajectory in 2024 was impressive. The company attracted new customers across the UK, EU, and both North and South America. This global reach is a testament to the effectiveness of its solutions. As businesses increasingly recognize the importance of secure authentication, Keyless stands ready to meet the demand.
The competitive landscape is fierce. Many companies are vying for a piece of the biometric authentication pie. However, Keyless’s focus on privacy-preserving technology gives it a unique edge. In an age where data breaches are commonplace, consumers are more concerned than ever about their privacy. Keyless addresses these concerns head-on, offering a solution that prioritizes user security without compromising convenience.
The future looks bright for Keyless. With plans to introduce new features and enhancements, the company is committed to pushing the boundaries of biometric authentication. The upcoming announcements are eagerly anticipated, as they promise to further solidify Keyless’s position as a leader in the industry.
In conclusion, Keyless is not just another startup; it’s a pioneer in the realm of biometric authentication. With its innovative technology, strategic funding, and a clear vision for the future, Keyless is set to make waves in North America and beyond. As the digital landscape continues to evolve, Keyless stands ready to protect users from the threats that lurk in the shadows. In the battle for security, Keyless is a formidable ally.