{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAwICcxpQKDA","lastupdate":"2023-10-04T00:00:00.000Z","update_date":"2023-10-04T00:00:00.000Z","lastModified":"Sep 14, 2024","active":1,"confidence_score":101,"confidence_score_reason":"markets","urlname":"transmit-security","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$5VsV3vtYgvX9RRlKpANwGEmHKVH1G6AypEJ3Nzgv1qPPRv53E5vl2f","name":"Transmit Security","oneliner":"Customer Identity Access Management","registrar":"514950906","website":"https://transmitsecurity.com","careerspage":"https://www.transmitsecurity.com/about/careers","founded_month":7,"founded_year":2014,"formernames":[],"sociallinks":{"twitter":"https://twitter.com/transmitsec","youtube":"https://www.youtube.com/channel/UC705_E5vPIkWOUrGHBCzT7Q","facebook":"https://www.facebook.com/TransmitSec","linkedin":"https://www.linkedin.com/company/10469264","instagram":"https://www.instagram.com/transmitsecurity"},"social":["https://www.facebook.com/TransmitSec","https://www.linkedin.com/company/10469264","https://twitter.com/transmitsec","https://www.youtube.com/channel/UC705_E5vPIkWOUrGHBCzT7Q","https://www.instagram.com/transmitsecurity"],"flattenedsociallinks":"https://www.facebook.com/TransmitSec|https://www.linkedin.com/company/10469264|https://twitter.com/transmitsec|https://www.youtube.com/channel/UC705_E5vPIkWOUrGHBCzT7Q|https://www.instagram.com/transmitsecurity","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":1,"employees":"201-500","employees_exact":312,"patent":1,"raised":543000000,"stage":"A","public_stage":"A","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4PuDstIIDA","primary_sector":"Cyber Security","alternativenames":["Transmit"],"about":"Transmit Security provides modular, plug-and-play customer identity access management (CIAM) services for authentication, risk detection, and identity verification. The company combines developer-friendly design with robust security to improve the user experience.\nUsers can integrate Transmit Security's cloud-native CIAM services to extend their identity capabilities across all channels and devices. Services include multifactor authentication, social logins (e.g., Google, Apple, and Facebook), passwordless authentication, biometric and FIDO standards (passkey/WebAuthn), magic links, one-time passwords, and single sign-on.\nThe company also offers real-time fraud protection services to protect against bad actors and prevent account takeovers, such as via session hijacking, device spoofing, malicious bots, and phishing.\nTransmit Security's identity verification uses facial scans with liveness detection and government document proofing.\n\nThe Transmit Security CIAM platform includes real-time services that improve customer experience and help improve registration rates, reduce cart abandonment, and accelerate conversion while improving security and protection from account takeover fraud.","climatetech_description":null,"is_climatetech_relevant":null,"phone":"+972722216310","country":null,"address":{"israeli":[{"id":"83681c31-1943-43bf-aed2-e750e2f6f998","city":"Tel Aviv-Yafo","type":null,"address":"Yigal Alon St 94, Tel Aviv, Israel","placeid":null,"notactive":0,"openeddate":null,"registrarid":null,"firstrdcenter":0,"registrarname":null}],"officesabroad":[{"id":"00deecec-cf10-46a1-b6f1-0495db589856","city":"Boston","address":"500 Boylston Street, Boston, MA, USA","country":"United States","placeid":null}]},"headquarter_address":null,"district":"Center District","news":[{"id":"2dMB9BEyLg657QXak4PaVcasdCryp5auZGG3Rzcl6EdPuiVsbUi2k8","date":"Feb 4, 2025","link":"https://techcommunity.microsoft.com/blog/marketplace-blog/the-future-of-ciam-how-transmit-security-and-microsoft-are-reshaping-passkey-ado/4373229","source":"techcommunity.microsoft.com","visible":1,"analysis":{"tags":"CIAM, passkeys","round":null,"company":"Transmit Security","layoffs":null,"summary":"The article discusses the benefits of using Transmit Securitys Mosaic solution in conjunction with Azure AD B2C or Entra External ID to enhance customer identity and access management (CIAM) through the use of passkeys. The partnership with Microsoft enables organizations to improve security, compliance, and customer experience by adopting phishing-resistant passkeys. The article highlights the advantages of using Mosaic, such as reduced authentication failures, fewer support calls, and improved fraud detection. It also emphasizes the importance of behavioral biometrics and robust device identification in securing the passkey lifecycle. The integration with Azure Marketplace allows for seamless deployment and cost savings.","partners":["Microsoft"],"customers":["Microsoft","Citi","Target","Uber","Sony"],"eventType":null,"investors":null,"confidence":9,"key_topics":["passkey security","fraud prevention","customer experience","identity verification","behavioral biometrics"],"date_of_event":"February 4, 2025","product_stage":"released","investment_date":null,"acquired_company":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners","Customers"],"acquisition_amount":null,"FDA approved/pending approval":null,"AI technology developing/using":"using","structuredIssuesShow":"#Partners  #Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"jYxmGhrISqgdEHJZhyYgf7fR9Ol8lbtqJULOVydf0gjJ2E5wuITstP","news_summary":"The future of CIAM: How Transmit Security and Microsoft are reshaping passkey adoption and security | Microsoft Community Hub","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"diTNyeecGxnSieouRCMP1P4fJyQf69Gl9Bgr3AZOn1mLeUBLcUSiTo","date":"Jul 3, 2024","link":"https://www.sourcesecurity.com/news/transmit-security-partners-hype-transforming-digital-co-1695889796-ga.1718100731.html","source":"www.sourcesecurity.com","visible":1,"analysis":null,"sentiment":null,"analysisId":"pnfhnKwwZPGvd7wq3zpzaKieSHS72iacw2Izz20p7ax0NCwfgucjqp","news_summary":"Transmit Security partners with HYPE transforming digital identity","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"none"},{"id":"ha0J4qXuFNAUCd27CIPf2nEh5UYMIXD6CUgHg5aSIIdOFRY62VzKxN","date":"Jun 20, 2024","link":"https://techcommunity.microsoft.com/t5/marketplace-blog/fight-fraud-across-the-full-identity-lifecycle-with-transmit/ba-p/4172338","source":"techcommunity.microsoft.com","visible":1,"analysis":{"tags":"Partnership, Cybersecurity","company":"Transmit Security","layoffs":"N/A","summary":"Transmit Security, in partnership with Microsoft, is offering businesses ways to launch a formidable defense against AI-based cyber activity and threat actors. The partnership aims to build long-term digital resilience by securing identities in an increasingly digital world. The 2023 Digital Defense Report by Microsoft highlights the alarming frequency and sophistication of identity attacks, underscoring the need for robust security solutions. Transmit Security leverages the power of AI and machine learning to improve identity security and fraud prevention. The companys services are now available on Microsoft Azure Active Directory B2C.","partners":["Microsoft"],"customers":"N/A","investors":"N/A","confidence":9,"key_topics":["Cybersecurity","AI-based threats","Fraud prevention","Partnership","Digital resilience"],"date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":["Partners"],"acquisition_amount":"N/A","structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"ztbVIIdl3DpwTZWB8ekE7ZHcssYBjRRuBc8wFWNxxj96VK8kYKkon6","news_summary":"Fight fraud across the full identity lifecycle with Transmit Security and Microsoft","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"LsQ9pONzKr9EhScqPjpCmx0Sgwn6lT3tfh5IFxvOYNihlj96X8AKkm","date":"Sep 21, 2023","link":"https://partner.microsoft.com/en-us/case-studies/transmit-security-rewards","source":"partner.microsoft.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"rTD3ggoKQRvn3C7DdUtkc5oalbwmqj8EuDxGuLJnHqAFq2h9GMuVFI","news_summary":"Transmit Security and Azure Active Directory B2C help to prevent fraud across the full customer identity lifecycle","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"TiE40as5AKZNsZmBK6EhcLcIMHEAHGO1PZ6NZyGhmWS7WLifP2KwdE","date":"Aug 31, 2023","link":"https://transmitsecurity.com/blog/transmit-security-achieves-the-triple-crown-now-available-on-aws-microsoft-azure-and-google-cloud-marketplaces","source":"transmitsecurity.com","visible":1,"analysis":{"tags":"Partnerships, Expansion","company":"Transmit Security","layoffs":"N/A","summary":"Transmit Security has announced that its services are now publicly available on the Google Cloud Marketplace, expanding its strategic partnerships. This follows its availability on Amazon Web Services (AWS) Marketplace and Microsoft Azure Marketplace. The companys services include detection and response service, phishing-resistant authentication, identity verification, data validation, and orchestration. The expansion allows companies to maximize their committed cloud budgets while harnessing Transmit Securitys customer identity and access management (CIAM) capabilities. The company is now the only CIAM vendor available on the top three cloud marketplaces.","partners":["Google Cloud","Amazon Web Services (AWS)","Microsoft Azure"],"customers":"N/A","investors":"N/A","confidence":9,"key_topics":["Cloud Marketplaces","Identity Security","Partnerships","Expansion","CIAM"],"date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":["Partners","Expand"],"acquisition_amount":"N/A","structuredIssuesShow":"#Partners  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"JdqL3cNAaWObizR5o8YMw8DAS0iWZ70CK18YfPdNkSFNovhAClAQfj","news_summary":"Transmit Security Achieves the Triple Crown - Now Available on AWS, Microsoft Azure and Google Cloud Marketplaces | Transmit Security","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"yAVwYft3y04WVzzspVvCKnIYusEYOonKdNl72JWSdrGGRd4xRCooev","date":"May 8, 2023","link":"https://transmitsecurity.com/content-hub/citi-transmit-security-the-power-of-partnership","source":"transmitsecurity.com","visible":1,"analysis":{"tags":"Identity Management","company":"Not mentioned","layoffs":"Not mentioned","summary":"The article discusses various aspects of identity management including identity orchestration, fraud prevention, identity verification, authentication services, and AI-based analytics. Identity orchestration involves consolidating the identity stack, centralizing decisioning, and automating customer journeys to mitigate risk. Fraud prevention involves monitoring and analyzing signals to detect risk, trust, fraud, bots, and behavior. Identity verification involves verifying customer identities with automated ID and selfie analysis. Authentication services involve authenticating customers with passkeys, passwordless, email magic links, and other MFA methods. AI-based analytics involve using conversational AI to uncover anomalies, trends, and new insights.","partners":"Not mentioned","customers":"Not mentioned","investors":"Not applicable","confidence":10,"key_topics":["Identity Orchestration","Fraud Prevention","Identity Management","Identity Verification","Authentication Services","AI-based Analytics"],"date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"Not applicable","investment_amount":"Not mentioned","structured_issues":"Not applicable","acquisition_amount":"Not mentioned","structuredIssuesShow":"#Not applicable","entityGrowthIconPath":"none;"},"sentiment":"Not applicable","analysisId":"M3VlzXEh5msC1YrjHHuz71jjNTFRWK6ANqq6UOFIHf3FjFWcCKEzrK","news_summary":"Citi & Transmit Security: The Power of Partnership | Transmit Security","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"w7nqFBp98FakHT2f1CypWmWPAL6K0BotN6UUa2JTycePn88hRiBifZ","date":"Mar 31, 2023","link":"https://officesnapshots.com/2023/03/31/transmit-security-offices-tel-aviv/","source":"officesnapshots.com","visible":1,"analysis":{"tags":"office design","company":"Transmit Security","layoffs":null,"summary":"ON STUDIO has completed the office design for Transmit Security in Tel Aviv, Israel. The design incorporates industrial style and rustic materials to create a personalized space that combines the feeling of working in an office with the comfort of a living room. The office includes a cafeteria area that serves as a gathering space for employees. The article does not mention any specific partners, customers, valuation amount, acquisition amount, investment amount, layoffs, or date of the event.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["office design","industrial style","functional design","rustic materials","personalized space"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"F6xUD0mwq4W7ImikA9ABFjby8pmtfz5gWfpSzH0bQqk0KjuX3evVwW","news_summary":"Office Tour: Transmit Security Offices - Tel Aviv","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"aYSbx6XKIZDHxiorP5bL5RcHDftaMrVAFY1bjx9uBurcnhzsJrhsdf","date":"Feb 16, 2023","link":"https://aws.amazon.com/blogs/apn/implementing-a-true-passwordless-authentication-with-amazon-cognito-and-transmit-security/","source":"aws.amazon.com","visible":1,"analysis":{"tags":"passwordless authentication","company":"Transmit Security","layoffs":null,"summary":"The article discusses how Amazon Web Services (AWS) customers can use Amazon Cognito for passwordless authentication by leveraging Transmit Security. Transmit Security provides a strong passwordless authentication service that eliminates the need for passwords and combines device-based FIDO2 biometrics and the OpenID Connect (OIDC) protocol. The article provides a solution walkthrough for integrating Transmit Security as the identity provider (IdP) with Amazon Cognito. The key theme of the article is passwordless authentication. The key issues discussed in the article are related to customers and partners. The date of the event described in the article is not mentioned. The confidence level of the answer is 8.","partners":"Amazon Web Services (AWS)","customers":null,"investors":null,"confidence":8,"key_topics":["passwordless authentication","Amazon Cognito","Transmit Security","authentication flow","user pool"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"qdA6xxAaWvSEzyGg7bqeFs3tBCJyWsqt7cmIw64MivgPHUtsKDntV6","news_summary":"Implementing a True Passwordless Authentication with Amazon Cognito and Transmit Security | Amazon Web Services","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"0pnzQaCVNnyUTbSI6hXaUV0ll78wKSnHv5ghrDWfJfSFDWjJicmxYf","date":"Feb 10, 2023","link":"https://techcommunity.microsoft.com/t5/marketplace-blog/limit-rising-security-threats-with-passwordless-mfa-from/ba-p/3724552","source":"techcommunity.microsoft.com","visible":1,"analysis":{"tags":["passwordless multifactor authentication","cybersecurity","Microsoft Azure Active Directory B2C"],"company":"Transmit Security","layoffs":null,"summary":"The article discusses the problems with passwords and the rise of password attacks. It highlights the importance of strong multifactor authentication (MFA) and the vulnerabilities of current MFA methods. It introduces passwordless MFA based on FIDO2 standards, which eliminates shared secrets and provides a faster and more secure login experience. The article mentions Transmit Securitys passwordless MFA solution and its integration with Microsoft Azure Active Directory B2C. It emphasizes the benefits of passwordless authentication and the partnership between Transmit Security and Microsoft. The article also mentions the Transmit Security Account Protection service for real-time risk assessment and defense against account takeover fraud.","partners":"Microsoft","customers":null,"investors":null,"confidence":9,"key_topics":["password attacks","multifactor authentication","passwordless MFA","FIDO2","customer experience"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"O7Dlp0lI1FXDAsanyPm2SOOurH0BN5l0R4CDOfIAh5Og5pI6xC5IdD","news_summary":"How to Fortify Microsoft Azure AD B2C with True Passwordless MFA from Transmit Security","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"nZY6827ByMNqqzwfmVNk1WgtPpUASw9YnaFwnRYxW4cNdrdJnbnpkB","date":"Nov 15, 2022","link":"https://www.businesswire.com/news/home/20221115005745/en/Transmit-Security---Only-Vendor-Named-an-Overall-Leader-Simultaneously-in-KuppingerCole-Leadership-Compass-Reports-for-Passwordless-Authentication-CIAM-Platforms-and-Fraud-Reduction-Intelligence-Platforms","source":"www.businesswire.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"nj1UoUmxLQ0tfxxn958YHBoqWQJq1HBakWphqsEO4ZKlfbLUTpVtMa","news_summary":"Transmit Security - Only Vendor Named an Overall Leader Simultaneously in KuppingerCole Leadership Compass Reports for Passwordless Authentication, CIAM Platforms and Fraud Reduction Intelligence Platforms","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"2ea46622-fbdf-47c9-bf06-a0d3e814a903","date":"Jun 11, 2022","link":"https://www.transmitsecurity.com/blog/microsoft-and-transmit-security-partner-to-deliver-passwordless-mfa-for-companies-using-azure-ad-b2c-to-authenticate-customers","source":"www.transmitsecurity.com","visible":1,"analysis":{"tags":"passwordless authentication","company":"Microsoft","layoffs":null,"summary":"Microsoft is partnering with Transmit Security to enhance the Azure Active Directory B2C platform with passwordless customer authentication. This collaboration aims to strengthen security and meet compliance standards for strong multi-factor authentication. The partnership allows companies using Azure to authenticate customers based on their true identities, reducing reliance on passwords and friction-filled MFA. The article highlights the growing demand for passwordless authentication and the need for stronger security measures due to the increase in account takeover fraud during the pandemic. Microsofts goal is to extend passwordless authentication across all platforms, devices, and applications. The article emphasizes the drawbacks of passwords and standard MFA, such as customer friction and vulnerability to attacks. The partnership between Microsoft and Transmit Security offers a biometric-based solution for secure and convenient authentication, eliminating the need for passwords.","partners":["Transmit Security"],"customers":null,"investors":null,"confidence":9,"key_topics":["passwordless authentication","Azure Active Directory B2C","security","customer authentication","MFA"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"9N0q5xqkj6RdHlvlGfJL8rQ9MjYNNyBETkQBKTUPRzT3mmzby9N5nn","news_summary":"Microsoft And Transmit Security Partner To Deliver Passwordless MFA For Companies Using Azure AD B2C To Authenticate Customers - Transmit Security","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"961277cb-290e-4047-bcc9-b7596d1b03bf","date":"May 12, 2022","link":"https://www.businesswire.com/news/home/20220511006152/en/Transmit-Security-Expands-in-Europe","source":"www.businesswire.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"9jiZjLlDZ0aIQENLcfA3ShFns5TubSTh0QMGrV3STLGkd1PrZ9Rx60","news_summary":"Transmit Security Expands in Europe","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"aef9da35-38f1-4d53-8f53-f611121f6250","date":"Mar 9, 2022","link":"https://www.businesswire.com/news/home/20220309005371/en/Transmit-Security-Named-to-Fast-Company%E2%80%99s-List-of-the-World%E2%80%99s-Most-Innovative-Companies-for-2022","source":"www.businesswire.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"IuUGNadyOlNnVbHfNv8bVt3lR9mIiagOoy42HJz35WXi9bBbz8iy9y","news_summary":"Transmit Security Named to Fast Company's List of the World's Most Innovative Companies for 2022","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"dfd35775-5fb1-4b9c-b4f7-80270f79032b","date":"Nov 2, 2021","link":"https://www.calcalist.co.il/conferences/article/hyyhopclt?_atscid=7_134353_204082920_2005328_0_Txtetaxjxdshwhus8sp","source":"www.calcalist.co.il","visible":1,"analysis":{"tags":"cybersecurity","company":"Transmit Security","layoffs":null,"summary":"Mickey Boodaei, CEO and founder of Transmit Security, spoke at the TECH TLV conference and stated that passwords are the number one cyber threat and will be obsolete in a few years. He believes that biometric identification, such as facial recognition or fingerprint scanning, will replace passwords. Boodaei emphasized the importance of eliminating passwords entirely to prevent account takeovers. He also discussed the vulnerability of using passwords in conjunction with biometric authentication, as attackers can still gain access to accounts. Boodaei suggested that the solution is to rely solely on biometric identification. Transmit Security is a successful cybersecurity company in Israel.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["passwords","cybersecurity","biometric identification","account takeover","authentication"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"i92f52kFO2to4PZ89UMJ368kse7WcNoofD1GxBEbUGgmc7JWsOM24s","news_summary":"מיקי בודאי: \"בעוד כמה שנים אסור יהיה להשתמש בסיסמאות\"  כלכליסט","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"d7dbef07-c707-46d6-be47-479b7e65fa46","date":"Sep 14, 2021","link":"https://www.businesswire.com/news/home/20210914005174/en/Transmit-Security-Announces-Citi-Ventures-and-Goldman-Sachs-Asset-Management-as-Additional-Investors-on-Its-Record-setting-543-Million-Series-A-Funding-Round","source":"www.businesswire.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"zMouNzfaSnHVxfGxTGRr11PCUJTdB63XJDz0CtBpyFPHs5e5sLJGy8","news_summary":"Transmit Security Announces Citi Ventures and Goldman Sachs Asset Management as Additional Investors on Its Record-setting $543 Million Series A Funding Round","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"40e77011-cf01-447d-a256-2e09fc511ad4","date":"Jun 22, 2021","link":"https://en.globes.co.il/en/article-biometric-authentication-co-transmit-security-raises-543m-1001375444","source":"en.globes.co.il","visible":1,"analysis":{"tags":"passwordless authentication","company":"Transmit Security","layoffs":null,"summary":"Israeli cybersecurity company Transmit Security has completed a $543 million Series A financing round, led by Insight Partners and General Atlantic. The funding brings the companys valuation to $2.2 billion. Transmit Security plans to use the investment to expand its reach and grow its business functions, with a focus on achieving its vision of a passwordless world. The company provides passwordless identity and risk management solutions using biometric authentication. Transmit Security aims to revolutionize the way companies interact with customers by eliminating passwords, improving user experience, and enhancing security. The funding indicates a growing demand for passwordless authentication technology. 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