Overview

UnifyID provides advanced Multi-Factor Authentication (MFA) solutions that enhance digital security for businesses in various industries, including finance and healthcare. Their unique service uses machine learning to analyze user behavior and environmental factors, creating a secure digital fingerprint that is difficult for attackers to breach. UnifyID offers two main services: the Passive Auth Service for seamless authentication and the Push to Auth Service for quick identity verification. The company's goal is to improve security and user experience by focusing on user behavior rather than traditional password methods.

Simplify's Take

What believers are saying

• Rising demand for contactless authentication boosts UnifyID's biometric solutions.
• The global MFA market is projected to grow significantly, benefiting UnifyID.
• Healthcare's shift to digital records creates opportunities for UnifyID's robust solutions.

What critics are saying

• Competition from tech giants like Google and Apple could overshadow UnifyID.
• AI-driven hacking techniques threaten behavioral biometric systems.
• Privacy concerns may lead to stricter compliance requirements for biometric data.

What makes UnifyID unique

• UnifyID uses dynamic user attributes for authentication, unlike traditional password methods.
• The company offers Passive Auth and Push to Auth services for seamless user verification.
• UnifyID's SDKs and APIs enable easy integration into existing applications.

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Funding

Total Funding

$20M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:

New Enterprise Associates

Notable Investors:

New Enterprise Associates

$20,000,000

Series A

Aug 2017

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

$20M

$30M