Transmit Security

Valuation $2B

About Transmit Security

Transmit Security offers a CIAM platform that provides authentication, authorization, fraud protection, and embedded orchestration services.
Headquarters Transmit Security, Boston
Founded 2014-01-01
Industry Cyber Security, Fraud Detection, Identity Management, Security
Last Funding Type Series A
Valuation 2
Total Funding $583.00 million dollars
IPO Status Private

Financial

Transmit Security may be growing as indicated by the strategic appointments within the company's leadership. The appointment of a senior director of strategic alliances and partners, along with a new channel lead for EMEA, suggests an expansion of the company's channel strategy and potentially its market reach in these regions. These leadership changes are often indicative of a company's efforts to strengthen its operations and could reflect a positive trajectory in its business development.

Transmit Security, LTD. is focusing on enhancing user account security and recovery through innovative methods. They have developed a system for account recovery via peer-supervised video conferences, ensuring user verification in a secure and efficient manner. Additionally, they are working on a mechanism for transferring trust between a user's authentication devices, streamlining access to secure online resources. These advancements aim to improve the reliability and user experience in authentication and account management.

Transmit Security has released a report detailing how threat actors are leveraging generative AI (GenAI) to conduct identity attacks and fraud. The report highlights the increasing sophistication of cyber threats facilitated by advanced AI technologies.
Funding Rounds 2
Number of Lead Investors 4
Total Funding Amount  $583.00 million dollars
Number of Investors 9

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Michael Boodaei
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