FB pixel

5X growth in passwordless biometrics customers for 1Kosmos in first commercial year

5X growth in passwordless biometrics customers for 1Kosmos in first commercial year
 

1Kosmos says it reached unprecedented business results growth in 2021, its first year of commercial sales, including a fivefold increase in bookings, threefold increase in new customers for its passwordless biometric authentication and identity proofing. The company also doubled its workforce during the year.

1Kosmos summarizes its achievements last year in the announcement, such as deploying BlockID biometrics to manage 50 million digital identities. It is also the first identity provider to receive both FIDO2 and NIST 800-63-3 certification, according to the announcement, and won the 2021 Alestra NAVE Program, the ICT service provider’s startup accelerator.

In February 2021, the company raised $15 Million in Series A Funding from Forgepoint Capital, exiting stealth mode to reveal its series of BlockID security platform based around biometrics and private blockchain technology. 1Kosmos also passed testing to the DEA EPCS standard for biometric subsystems by iBeta Quality Assurance at the end of 2021.

1Kosmos offers biometrics as part of BlockID Verify, BlockID Workforce and BlockID Customer to provide enterprises and individuals with passwordless authentication and enhanced security, and says it has signed up major telecoms and leading Fortune 100 financial institutions as customers.

“The accelerating use of biometrics and mobile devices for authentication is paving the way for a passwordless world,” Hemen Vimadalal, CEO for 1Kosmos, says. “Our ability to unify identity proofing and authentication in a frictionless way for employees, consumers and citizens enabled us to exceed our business goals in 2021 and set the stage for accelerated growth in 2022.”

Article Topics

 |   |   |   |   |   | 

Latest Biometrics News

 

Oxford program to study DPI impact on social, financial inclusion

Oxford University’s Blavatnik School of Government has announced the establishment of the Oxford Digital Public Infrastructure Research Lab (OxDPI), an…

 

Idemia makes OEM pitch for biometric modules

A recent webinar from Idemia Public Security looks at how original equipment manufacturers (OEMs) can integrate seamless security into devices…

 

ICE wants biometric monitoring devices for alternative to detention program

US Immigration and Customs Enforcement (ICE) issued a Request for Information (RFI) for biometric monitoring devices as part of its…

 

Biometrics coming to more stadiums with facial recognition tender in NSW

Venues New South Wales (VNSW) has issued a tender for facial recognition systems to be deployed at Stadium Australia (Accor…

 

FinGo supplying vein biometrics to boost gold mining transparency

SMX – a company operating in the so-called circular economy – is collaborating with finger vein biometrics firm FinGo in…

 

Biometric privacy law in Texas close enough to BIPA to protect Match

Just because you live in Illinois and a company has processed your biometrics without getting your informed consent, you may…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events