StrongAuth rebrands to StrongKey and raises $10m

StrongAuth has rebranded to StrongKey after closing its Series A funding round on $10m.

StrongKey and StrongAuth (its parent company) have become one company and concluded its initial round of funding, which featured investment from Systena America.

According to the company. the re-branding is an indication of its continued and its motivation to redefine how businesses and government agencies protect their information by making breaches irrelevant.

Jake Kiser, CEO of StrongKey, said: “2018 has brought tremendous positive change for us. We have repositioned the company to take our message of enterprise key management infrastructure to both large and small organisations.

“StrongKey’s solutions have the robustness that powers the mission-critical and revenue-generating applications for Fortune 50 companies, as well as the affordability that enables startups to comply with the most stringent security regulations.”

Headquartered in Silicon Valley, California, StrongKey aims to bring new levels of capability and data security at a price point significantly lower than other solutions on the market.
The company is focused on securing data in cloud computing, e-commerce, healthcare, finance and other sectors mandating protection of sensitive data.

By securing data at its core, through the use of strong authentication, encryption and digital signatures, and supported by hardware-based key management, StrongKey claims its products ensure that data, no matter the format, remains encrypted and protected at the highest possible level, even if the network is breached.

The company harnesses the power of the FIDO Alliance authentication protocol, which removes the burden, insecurity and annoyance of passwords. StrongKey’s products area also deliberately physical, leveraging the strength and security that only physical hardware can offer.

Arshad Noor, founder and CTO, StrongKey, added: “We are driven by a passion to make the internet a safer place for all organizations. Identifying where all critical data is created and stored, determining who needs to have access to what types of data and then how to properly authenticate users are top priorities and challenges today.

“StrongKey’s mission is to provide data security solutions that actually secure clients’ data rather than providing temporary, trend-centric solutions that market well but never truly solve the problem. The changes we’ve made this year undergird that mission, which we are excited to share as we expand into new territories.”

Copyright © 2018 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.