OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements from across the identity industry. This week, Tanium raises $200M for enterprise security, Siilo secures a round for hospital messaging services, and SmilePass partners with LumenVox for biometric authentication.
Tanium tags $200M at $6.5B valuation
Tanium provides enterprise-level solutions for companies looking to tackle security, compliance, and external threat evaluation. Traditionally, these processes are seen and managed as distinct verticals within an organization’s structure; however, Tanium advocates that companies should take a more holistic approach to identity security and utilize one solution to prevent cross-loss and enhance overall effectiveness.
The company announced they had successfully raised an additional $200 million in funding on October 2nd, giving them a $6.5 billion valuation. This latest round was led by Wellington Management, with participation also coming from Bailie Gifford & Company and Adage Capital Management LP. The round was intended to open investment opportunities to external parties in an effort to give more liquidity to long-term internal investors and expand Tanium’s global reach and influence. [Read more]
Siilo snags $5.1M to squeeze into hospitals
Siilo is a WhatsApp-style messaging application that leverages enhanced security techniques for professionals like hospital employees who work with sensitive data. The app, Siilo, allows users to send photos, videos, and large files through the app and stores all attachments in an encrypted vault separate from other media already on device. Furthermore, their default functionality is to delete all messages 30 days-post receipt, unless the user updates their preferences. Furthermore, the app requires MFA, either through PIN-code, fingerprint, or facial recognition to access your profile. Siilo also offers remote data cleansing in the event a user’s device is stolen or lost.
Siilo announced a $5.1 million seed round this past week, led by EQT Ventures with additional funds coming from existing investors. Siilo sees WhatsApp as its main competitor, and hopes to use these additional funds to distance themselves away from the messaging giant and further their marketing efforts. [Read more]
Petal picks up $34M
Petal offers a no fee credit card, with favorable APR rates (14.74% – 25.74%) to help people grow their credit score and develop their financial footprint without being burdened with nagging fees while trying to learn the ropes. The company currently is working with Visa as its payment processor.
Petal raised $34 million in debt financing on October 2nd, with the round being led by Jefferies, the global investment bank, and Silicon Valley Bank. In addition to the infusion of capital, both financial institutions will help Petal with the roll-out of their physical credit card. [Read more]
SmilePass partners with LumenVox
SmilePass, a facial biometric authentication platform, announced they have partnered with LumenVox to increase their product offering to include voice recognition. Together, they hope to offer their customers enhanced flexibility to use which authentication modality best suited to target users, in addition to branching into the verification space.
“Including LumenVox voice technology means we’re able to offer very strong verification at reasonable prices and for both our organisations to benefit from our respective ecosystems,” said Grant Crow, CEO SmilePass in response to the partnership announcement. It has been a busy period for LumenVox, who announced a merger with VoiceTrust last month to accelerate their growth trajectories, suggesting positive signals from the market towards authentication technologies. [Read more]
Futurae fetches $2M for authentication
Futurae provides an authentication suite platform intended to make the authentication process easier and safer for users and companies. The company’s authentication suite platform offers a high level of security while making 2FA more user-friendly and making the integration fast and cost-effective for companies thereby providing increased productivity and improved user experience for both employees and customers, enabling them to deploy state of the art Cybersecurity while improving the customers journey.
The company’s authentication suite platform offers a high level of security while making 2FA more user-friendly, as well as making the integration fast and cost-effective for companies. The goal is to provide increased productivity and improved user experience for both employees and customers, enabling them to deploy state of the art Cybersecurity while improving the customer’s journey. [Read more]