TypeForm fetches $35M, Sixgill secures $27.9M: Friday Deal Book for 9/15/2017

OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements in the identity industry. Here’s a quick peek at what you need to know for the week ending Sept. 15, 2017.

Kony and Daon partner to bring authentication solutions to financial sector
Kony, a developer of mobile applications, and Daon, an authentication provider, have partnered to bring secure app solutions to the financial services sector. The move will help Daon achieve greater distribution through Kony’s Marketplace. Meanwhile, Kony will enable its partners to deliver more secure biometric authentication solutions. Despite the prevalence of authentication solutions in the market — biometric or otherwise — passwords appear to be alive and well. The companies hope that reducing the complexity of integration will drive greater adoption in the application developer community. [Read more]

Fraud prevention startup CashShield raises $5.5 million Series A
The round was led by GGV Capital with participation from Nest co-founder Tony Fadell. The Singapore based company plans to use the capital to expand to the Silicon Valley. CashShield has been around since 2008 and has been largely bootstrapping its platform thanks to high profile customers such as Alibaba and Razer. In addition to screening payments transactions, the CashShield provides account login protection through its Vanguard product. The company is so confident in its fraud protection technology that it offers a 100 percent guarantee on its decisioning, promising that “we will insure and pay you for such chargebacks.” Fraud protection solutions have been growing as businesses continue to struggle with card not present fraud, but the 100 percent guarantee against chargebacks is a differentiating feature for the company. [Read more]

KeyMe fetches $25 million Series D
The round was led by Comcast Ventures with participation from Battery Ventures, Benefit Street Partners, QuestMarket Partners, RiverPark Ventures, and 7-Eleven participated in the round. The New York City company provides key management solutions – of the key cutting kiosk variety to replace your neighborhood locksmith. While the cryptography community tackles challenges of quantum safe encryption and PKI management, KeyMe allows users to upload their physical house keys via a mobile app, order copies and receive in the mail. [Read more]

IoT data services platform Sixgill raises $27.9 million Series B
The round was led by an affiliate of DRW Venture Capital, with participation from Mobile Financial Partners. Sixgill provides a sensor data services platform, Sense, for companies to govern IoT assets and manage the data explosion from the connected sensors and assets. The company will use the funds to grow its business to an enterprise-grade data management platform and product suite. [Read more]

Data collection platform TypeForm raises $35 million Series B 
The round was led by General Atlantic, with participation from Index Ventures, Point Nine, and Connect Ventures. The Barcelona based company provides software as a service conversational onboarding flows. Users interact through a series of conversational questions to complete otherwise be a structured data entry task. The company plans to use the funds to fuel its product development and international growth. While the conversational aspect may create a unique user experience, regulatory mandates around consent and data portability may be a concern for enterprise users. [Read more]