Company Overview
Snapshot
Founded in July 2014 by Mickey Boodaei and Rakesh K Loonkar, Transmit Security operates with 201–500 employees. The company has raised $543 million across one funding round from 9 investors, with Insight Partners leading the Series A round. In February 2025, Transmit Security partnered with Microsoft to enhance customer identity and access management through passkey adoption and security.
Business overview
Transmit Security provides modular, plug-and-play Customer Identity Access Management (CIAM) services, focusing on authentication, risk detection, and identity verification. Its core technology combines developer-friendly design with robust security to enhance user experience. The company offers services such as multifactor authentication, passwordless authentication, biometric and FIDO standards, magic links, one-time passwords, and single sign-on. Additionally, Transmit Security provides real-time fraud protection against threats like session hijacking, device spoofing, malicious bots, and phishing, alongside identity verification using facial scans and government document proofing. The company serves various markets and industries, including financial institutions, e-commerce, and digital services, operating within the Cyber Security sector, specifically Identity Security.
Strategic signal
In February 2025, Transmit Security announced a partnership with Microsoft to reshape passkey adoption and security within Customer Identity and Access Management (CIAM). This collaboration is significant as it leverages Transmit Security's Mosaic solution with Azure AD B2C or Entra External ID, improving security, compliance, and customer experience through phishing-resistant passkeys. This signals a strong strategic validation for Transmit Security's technology and its potential for broader market adoption, particularly in enhancing digital resilience against evolving cyber threats.
Log in to access full profile ›Company Intelligence Q&A
- What was the most recent significant partnership for Transmit Security?
- In February 2025, Transmit Security partnered with Microsoft to enhance customer identity and access management (CIAM) through passkey adoption and security. This collaboration aims to improve security, compliance, and customer experience by integrating Transmit Security's Mosaic solution with Azure AD B2C or Entra External ID.
- What was a key strategic expansion for Transmit Security in 2023?
- In August 2023, Transmit Security expanded its strategic partnerships by making its services available on the Google Cloud Marketplace. This followed its availability on Amazon Web Services (AWS) Marketplace and Microsoft Azure Marketplace, making it the only CIAM vendor available on the top three cloud marketplaces.
- What major funding round did Transmit Security complete?
- In June 2021, Transmit Security completed a Series A financing round, raising $543 million. The round was led by Insight Partners and General Atlantic.
- What is Transmit Security's stance on passwords?
- In November 2021, Transmit Security's co-founder and CEO, Mickey Boodaei, stated that passwords are the number one cyber threat and will become obsolete, advocating for biometric identification as a replacement to prevent account takeovers.
- When did Transmit Security first announce its passwordless authentication service?
- In February 2021, Transmit Security announced an authentication service designed to enable organizations to eliminate customer passwords from their databases, signaling the end of the password era.