Passage Raises $4M to Help Developers Bring Biometric Authentication to the Masses
Passage, a leader in passwordless identity solutions, has announced the launch of its public beta version, backed by $4 million in new funding from LiveOak Venture Partners and others. The company focuses on biometric authentication, enabling users to log in via Face ID and Touch ID, enhancing security and user experience. This funding will expand developer outreach and innovation in biometric solutions, eliminating reliance on passwords and improving conversion rates by reducing user friction during the login process.
- Raised $4 million in funding to enhance product development and reach more developers.
- Introduced a public beta for biometric authentication, enhancing user experience and security.
- Promotes a significant reduction in user friction and cart abandonment rates.
- None.
AUSTIN, Texas, Feb. 1, 2022 /PRNewswire/ -- Passage, an innovator in the rapidly growing passwordless identity space, today emerged from stealth announcing the availability of its public beta along with
Compared with other forms of user authentication, biometrics offer improved security and a smoother login experience for users. Passwords and magic links introduce friction at critical conversion points in the user journey, but biometrics allow businesses to reduce cart abandonment, user churn, and password-related support costs by introducing quick login with no context switching. Biometrics also protect users by eliminating phishing and account takeover attacks, while protecting businesses from the risks associated with storing and managing passwords.
"Passage delivers an exceptional developer experience for a technology that's easier to use, more secure, and ultimately the future of authentication. There's often a tradeoff between security and user experience, but Passage offers a unique combination of both with low implementation complexity," said Cole Hecht, Passage's Co-founder and CEO. "This financing will allow us to introduce Passage to more developers, and deliver more 'ah-ha' moments when people sign up for websites with Face ID, Touch ID, or Windows Hello for the first time."
Consumers are increasingly comfortable using built-in biometrics to log in to mobile applications, particularly for banking and other highly sensitive transactions. In parallel, biometrics are just becoming accessible to developers in the browser, which is expected to create a flurry of opportunity and innovation. Passage brings the consumer experience of biometric authentication to web applications as well. With a few lines of code, developers can enable their users to register and log in to websites with only their face or fingerprint.
"Passage is poised to change the fundamental way we interact with the Web," said Creighton Hicks, LiveOak Venture Partners. "Imagine a world where you seamlessly signup, login, and checkout online – no matter which device you're on, without having to remember or lookup your password. A world where password breaches simply don't matter as they can't be used on other sites and the biometric data itself never leaves your device. Passage, backed by the right team and technology, empowers developers to easily give this experience to their users, and make our world a little simpler and more secure."
Passage is built on technology that eliminates passwords and provides two strong authentication factors – something you are and something you have – with a single quick gesture. Further, Passage does not store any face, fingerprint, or other biometric data about users, making it the best solution for security and privacy-focused companies and users. Anna Pobletts, Co-founder and CTO of Passage said, "After decades of passwords and multifactor requirements, there is a light at the end of the tunnel, and we are excited to lead the way for developers wanting to implement better authentication for their users."
"Passage makes biometric passwordless authentication accessible to all developers and makes the open source standard WebAuthn easy to integrate in any environment," said Chris Aniszczyk, CTO, Linux Foundation. "Improving security practices should be top of mind for everyone and I highly encourage all developers to support passwordless authentication in their applications."
With the close of this funding, Passage is making its public beta available and inviting developers to start building with Passage here.
Developers can join the Passage Discord community for support, and examples of Passage in popular tech stacks are located on GitHub.
It will be expanding the platform in the coming months to include support for additional authentication methods, extensibility features, mobile support, and additional guides to help developers get up and running. It will also use the new capital to expand its team. Interested candidates can apply here.
About Passage
With deep roots in security and consumer identity, Passage is on the cutting edge of user authentication. The company enables web and mobile developers to replace passwords with biometrics for optimal security and a frictionless user experience. It goes beyond APIs and SDKs to make authentication truly easy to implement. For more information, please visit: https://passage.id/
About LiveOak Venture Partners
LiveOak Venture Partners is a venture capital fund based in Austin, Texas with over 20 years of successful venture investing in Texas, the founders of LiveOak have helped create nearly
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