Transmit Security
{{Infobox company
| name = Transmit Security
| logo = Transmit Security logo.png
| type = Private
| industry = Software
| founded = {{start date and age|2014}}
| founders = Rakesh Loonkar
Mickey Boodaei
| location_city = Boston, Massachusetts, United States
Tel Aviv, Israel
| homepage = {{url|https://www.transmitsecurity.com}}
| key_people = {{Unbulleted list|Rakesh Loonkar (President)| Mickey Boodaei (CEO)| Eric Blatte (CRO)}}
| area_served = Worldwide
| products = BindID,{{cite news |title=Transmit Security launches BindID to replace passwords with biometric authentication |url=https://venturebeat.com/2021/02/25/transmit-security-launches-bindid-to-replace-passwords-with-biometric-authentication/ |access-date=12 January 2022 |work=VentureBeat |date=25 February 2021}} FlexID, WorkID{{cite news |title=New comer Transmit Security wants to simplify biometric authentication |url=https://techcrunch.com/2017/01/11/new-comer-transmit-security-wants-to-simplify-biometric-authentication/ |access-date=12 January 2022 |work=TechCrunch}}
}}
Transmit Security is a private cybersecurity and identity and access management company based in Tel Aviv, Israel and Boston, Massachusetts. Founded by Mickey Boodaei and Rakesh Loonkar in 2014, Transmit Security provides companies with customer authentication, identity orchestration, and workforce identity management services.{{cite news |title=Cool Vendors in Identity and Access Management |url=https://www.gartner.com/en/documents/3913483/cool-vendors-in-identity-and-access-management |access-date=12 January 2022 |work=Gartner |language=en}} In June 2021, the company completed a Series A funding round by raising $543 million, which was reported to be the largest Series A in cybersecurity history.{{cite news |last1=Shrivastava |first1=Rashi |title=Transmit Security Raises $543 Million, The Largest Series A Funding Round In Cybersecurity History |url=https://www.forbes.com/sites/rashishrivastava/2021/06/22/transmit-security-raises-543-million-the-largest-series-a-funding-round-in-cybersecurity-history/ |access-date=12 January 2022 |work=Forbes |language=en}}{{cite news |last1=Murphy |first1=Hannah |title=The start-ups trying to kill the password |url=https://www.ft.com/content/92b5a390-f03a-450c-96b1-dd989b1bdada |access-date=12 January 2022 |work=Financial Times |date=3 September 2021}} Transmit Security is a FIDO Alliance Board member.{{cite web |title=FIDO Leadership |url=https://fidoalliance.org/overview/leadership/ |website=FIDO Alliance |language=en}}
History
Transmit Security was co-founded in 2014 by Mickey Boodaei and Rakesh Loonkar. Boodaei and Loonkar previously founded Trusteer in 2006, which was acquired by IBM in 2013 for $1 billion.{{cite news |last1=Shamah |first1=David |title=Opening new doors: Why IBM spent $1bn on security firm Trusteer |url=https://www.zdnet.com/article/opening-new-doors-why-ibm-spent-1bn-on-security-firm-trusteer/ |access-date=12 January 2022 |work=ZDNet |language=en}}
In February 2021, Transmit Security joined the FIDO Alliance Board.{{cite web |title=Transmit Security Joins FIDO Alliance Board - Transmit Security Blog |url=https://www.transmitsecurity.com/blog/transmit-security-proudly-joins-fido-alliance-as-a-board-member-in-continuous-effort-to-transform-identity-experiences |website=www.transmitsecurity.com |date=9 February 2021}}{{cite news |first1=Aless |last1=Mascellino |title=Biometrics, digital ID alliances joined by Princeton Identity, Idemia, ATB Ventures, Transmit Security {{!}} Biometric Update |url=https://www.biometricupdate.com/202102/biometrics-digital-id-alliances-joined-by-princeton-identity-idemia-atb-ventures-transmit-security |access-date=12 January 2022 |work=www.biometricupdate.com |date=10 February 2021}}
In June 2021, Transmit Security completed its Series A funding round by raising $543 million from investors. It was reported to be the largest Series A in cybersecurity history. Primary investors included Insight Partners, and General Atlantic, with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage and Artisanal Ventures. In September 2021, Citi Ventures and Goldman Sachs Asset Management joined as investors.{{cite news |title=Transmit Security Raises $543 Million for Password-Free Future |url=https://www.bloomberg.com/news/articles/2021-06-22/transmit-security-raises-543-million-for-password-free-future |work=Bloomberg}}{{cite news |title=Transmit Security raises $543M Series A to kill off the password |url=https://techcrunch.com/2021/06/22/transmit-security-raises-543m-series-a-to-kill-off-the-password/ |access-date=12 January 2022 |work=TechCrunch}}
Operations
Transmit Security’s main headquarters is located in Tel Aviv, Israel. Its North American headquarters is in Boston, Massachusetts.{{cite news |title=Massachusetts tech unicorns: Transmit Security raises $543M, hits $1B valuation |url=https://www.bizjournals.com/boston/news/2021/06/22/transmit-security-latest-boston-tech-unicorn.html |access-date=12 January 2022 |work=Boston Business Journal}} Additional offices are located in London, Berlin, Tokyo, Hong Kong, Madrid, Sao Paulo, and Mexico City.{{cite news |title=About Us - Transmit Security |url=https://www.transmitsecurity.com/about |access-date=12 January 2022 |work=www.transmitsecurity.com}}