ToothPic, which builds security and usability of authentication processes, has closed its second funding round on €810,000.
The capital will be used to support the RegTech’s growth in the cybersecurity space.
The funds were supplied by Club degli Investitori and Vertis Venture 3 Tech Transfer Fund (VV3TT).
Italy-based ToothPic was created to turn every smartphone into a secure key for online authentication.
Its platform leverages the unclonable manufacturing imperfections of the photographic sensor which make each device unique. The technology protects the cryptographic keys used to identify the device, it claims. Through a simple click, a user can activate the verification process.
Venture Factory managing partner Roberto della Marina said, “Thanks to our first seed investment ToothPic has been able to grow, structure itself and transform a brilliant scientific discovery into a unique product that contributes to solving the problem of identity theft and the robustness of online authentication, crucial aspects of cybersecurity worldwide.
“We are particularly glad to confirm and extend our commitment to the growth of ToothPic in synergy with the Club degli Investitori which has already proved its business skills and market connections in order to accelerate ToothPic’s spread and its impact in many industrial sectors.”
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