Security News > 2021 > March > Authentication Provider LoginID Raises $6 Million in Seed Funding
FIDO-certified multi-factor authentication provider LoginID this week announced that it raised $6 million in seed funding.
Founded in 2019 and based in San Mateo, California, LoginID provides identity protection and control over personal information, helping companies add FIDO-certified biometrics to websites and applications, including ecommerce and banking sites.
According to LoginID, its APIs and SDKs enable enterprises to integrate FIDO-certified authentication within minutes.
LoginID recently received FIDO UAF 1.1 server certification, and is also iOS and Android certified.
LoginID says it plans to use the infusion of cash to accelerate adoption of passwordless authentication.
"I was struck by the simplicity of LoginIDs integration capability, for what can typically be a complex, laborious process. The market potential for deploying a fully certified FIDO API in the financial industry and its potential to disrupt current non-compliant authentication is significant."