Overview

Yubico specializes in cybersecurity by offering two-factor authentication solutions, primarily through their product, the YubiKey. The YubiKey is a physical security key that enhances protection against unauthorized access by requiring users to insert or tap the key for authentication, which adds an extra layer of security beyond just passwords. Yubico serves a wide range of clients, including large enterprises, small businesses, and individual consumers, particularly in industries like finance, healthcare, and technology where data protection is crucial. Unlike many competitors, Yubico provides various models of the YubiKey tailored to different security needs and also offers software tools for developers to integrate YubiKey functionality into their applications. Their goal is to address the growing demand for secure authentication methods in response to rising cyber threats, ensuring robust security for their customers through product sales and support services.

Simplify's Take

What believers are saying

• Growing demand for passwordless solutions boosts Yubico's market position.
• Expansion in Europe through partnerships like Infinigate increases Yubico's market reach.
• YubiKey Bio Series addresses demand for biometric, phishing-resistant authentication.

What critics are saying

• Emerging biometric technologies could impact Yubico's market share.
• Rapid adoption of passwordless solutions may reduce demand for YubiKey.
• Supply chain vulnerabilities could lead to production delays or increased costs.

What makes Yubico unique

• Yubico's YubiKey offers robust two-factor authentication with a physical security key.
• YubiKey is compatible with major platforms like Google, Microsoft, and Dropbox.
• Yubico provides a range of hardware and software solutions for diverse security needs.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$719.2M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Andreessen HorowitzNew Enterprise Associates

Notable Investors:

Andreessen HorowitzNew Enterprise Associates

$204,300,000

Post IPO Equity

Oct 2023

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!

Post IPO Equity Funding Comparison

Coming Soon

View all funding stages

Stock Price