Overview

Transmit Security provides a low-code platform for identity and access management (IAM), which helps businesses create and manage secure customer experiences. Their platform allows users, particularly business experts, to design and adjust identity journeys using visual tools, which means they don't need to write extensive code. This feature helps reduce costs related to development, maintenance, and integration, making it easier for organizations to adopt new technologies and move away from outdated systems. Transmit Security serves a variety of clients, including financial institutions and healthcare providers, focusing on reducing fraud and ensuring seamless integration of security measures. Their subscription-based revenue model offers different service tiers to meet the needs of various businesses. The goal of Transmit Security is to enhance security for organizations while simultaneously improving the user experience.

Simplify's Take

What believers are saying

• Growing demand for passwordless authentication enhances security and user experience.
• Increased adoption of low-code platforms allows faster deployment of identity solutions.
• Strategic partnerships enhance fraud prevention capabilities and market reach.

What critics are saying

• Competitors like 1Password and Auth0 rapidly adopt passwordless authentication solutions.
• New leadership may cause transitional challenges in strategic alliances.
• Increased competition on AWS Marketplace may affect pricing and customer acquisition.

What makes Transmit Security unique

• Transmit Security offers a low-code platform for easy identity journey creation.
• The company is recognized as a leader in CIAM by top analyst firms.
• Transmit Security's platform supports seamless omni-channel and cross-channel use cases.

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Funding

Total Funding

$583M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:

Insight Partners

Notable Investors:

Insight Partners

$543,000,000

Series A

Jun 2021

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$30M

$543M

View all funding stages