Uniken nets $10m to support global expansion

Uniken, a cybersecurity platform, has netted $10m to accelerate its global expansion efforts.

The capital was supplied by an unnamed North American family office and brings its total equity injections to $20m.

With the new line of funding, the company will be accelerating its global expansion efforts in a bid to meet the surging demand for the platform.

Uniken aims to help enterprises combat identity, network and device threats which are a major source of breach and fraud, without having to lower consumer-friendly experiences. Its REL-ID solution integrates identity, cryptographic authentication, channel security and intelligent endpoint threat detection to a unified solution.

Doing this helps businesses to boost protection from credential compromise, DNS attacks, malicious Wi-Fi threats and SMS-based attack vectors like phone porting and SIM swaps.

Its platform can be used to verify identity on mobile phones, at call centres, on websites, at kiosks or during transactions. Its solution gives simplified authentication and transaction verification without the need of passwords, questions or personal identifiable information.

For transaction verification, an enterprise can use REL-ID to interact with consumers through various mediums and ensures zero fraud and full regulatory compliance.

Uniken CEO Bimal Gandhi said, “In today’s on-demand and fast-paced economy, consumers expect to make transactions when and where they want, and Uniken allows them to do just that.

“Through our fast and user-friendly security process, we help our customers unlock new transaction models and eliminate every major vector of breach and fraud. And the proof is in the numbers.  To date, our customers have experienced zero dollars, identities or data lost, while increasing customer engagement by 100-300%.”

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