1Kosmos Raises $57M to Advance Passwordless Authentication and Global Identity Security Expansion
Identity proofing and passwordless authentication company 1Kosmos Inc. announced today that it had raised $57 million in new funding for product innovation, expansion of global sales, and deeper integrations with leading identity and security platforms.
Founded in 2018, 1Kosmos offers identity security that fuses biometric identity proofing with passwordless multifactor authentication built on blockchain technology to protect and streamline digital access. The company's unified platform, across its Verify, Workforce, and Customer offerings, is designed to transform how organizations verify identity and authenticate access.
The company's first offering, 1Kosmos Verify, offers organizations self-service identity proofing during onboarding and leverages artificial intelligence and machine learning to analyze government-issued IDs, passports, or driver's licenses with more than 99% accuracy. The process is app-less, privacy-conscious, and supports web-to-mobile handoff for document capture.
For enterprise access, 1Kosmos Workforce replaces brittle passwords and fragmented multifactor authentication systems with a secure passwordless experience. Supporting FIDO2, passkeys, biometrics, LiveID, and QR codes, the offering works across Windows, Mac, Linux, and virtual private networks to deliver adaptive, risk-based authentication and features like "register once, use anywhere" via a hardware-based 1Key.
The company's third offering, 1Kosmos Customer, allows enterprises to modernize customer onboarding and authentication through a digital identity wallet that users control. The wallet enables verified, biometric-backed access while reducing fraud, lowering operational overhead, and fostering brand confidence.
The platform also emphasizes privacy by design, with personally identifiable information encrypted and stored in a permissioned blockchain, ensuring users govern their data while streamlining compliance and auditability.
Investment Round Led by Forgepoint Capital and Oquirrh Ventures
The Series B round was led by Forgepoint Capital and Oquirrh Ventures, with Craig Abod, founder and president of Carahsoft Technology Corp., NextEra Energy Ventures, Gula Tech Adventures, and the 1Kosmos management team also participating.
Cool Investment to Combat Impersonation-Based Attacks
"Identity has become the first step in the kill chain. This investment allows us to strengthen the proactive controls organizations need to prevent impersonation-based attacks, whether it's a sophisticated hacking group or a state-sponsored developer hiding in plain sight," said Chief Executive Hemen Vimadalal.
Competition and Threat Landscape
"1Kosmos identity verification is the only practical solution that can be quickly deployed in a matter of hours to effectively combat this threat," added Chief Executive Hemen Vimadalal. "We're looking forward to continuing our mission to provide identity security solutions for organizations worldwide."
The Importance of Identity Security
Identity proofing and passwordless authentication are critical components of an organization's digital security strategy. As we move further into a world where more of our lives are online, the need for robust identity security has never been greater.
"Identity has become the first step in the kill chain," notes Chief Executive Hemen Vimadalal. "It is imperative that organizations prioritize identity security to prevent impersonation-based attacks and protect their customers' sensitive information."