Regions

London security firm CertiVox scores $8M in Series B financing

May 1
8:14 AM 2014

British security firm CertiVox has raised $8 million in its second funding round to expand its software-based authentication product. New investor NTT Docomo Ventures and previous investor Octopus Investments backed the said round, according to TechCrunch.

NTT Docomo Senior Vice President Nobuyuki Akimoto said: "CertiVox's M-Pin Strong Authentication Platform is a great and innovative platform, and ideally suited for today's smart devices. M-Pin provides a much-needed advancement for user-friendly, scalable, strong authentication security."

CertiVox will use the new capital for the development of its M-Pin Strong Authentication Platform, a software-based product that can be used as alternative for password-based logins. The platform does not need third-party authentication devices. The company will also expand its sales and marketing campaigns and look for tie-ups with cloud service companies, the report detailed.

The London-based company said over 100 clients are now using its technology. USAF, Parallels, Intel, and Bosch are among its customers. To date, CertiVox has raised a total of $17 million in funding, TechCrunch added.

© 2023 VCPOST, All rights reserved. Do not reproduce without permission.
Tags
Share

Comments

Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics