1Kosmos Secures $57M in Series B Funding to Accelerate Market Expansion for Identity Verification and Passwordless Authentication Platform

Business Wire

2 days ago

ISELIN, N.J.--(BUSINESS WIRE)-- 1Kosmos, the leader in unifying identity proofing and passwordless authentication, today announced it has raised $57 million in Series B funding, including a $10 million line of credit from Bridge Bank. The round was led by Forgepoint Capital, and Origami's Oquirrh Ventures with participation by Craig Abod, Founder and President of Carahsoft, NextEra Energy Ventures, Gula Tech Adventures, and the 1Kosmos management team.
Identity is now the first step in the kill chain, and 1Kosmos is the only practical solution that can be quickly deployed in a matter of hours to effectively combat identity impersonation. This funding will help accelerate the comapny's global expansion.
This brings the company's total funding to more than $72 million, including a prior $15 million Series A round.
The new capital will enable 1Kosmos to meet the escalating demand for identity-first security from enterprises amid rising impersonation threats. Recent high-profile attacks, such as Scattered Spider and North Korean 'shadow IT employees,' demonstrate how social engineering and fake credentials are exploiting account recovery—especially through IT service desks—exposing a critical weakness in many organizations' identity defenses. 1Kosmos stops these threats with live biometrics, verified identity, and phishing-resistant, passwordless authentication—preventing compromise before it starts.
'Identity has become the first step in the kill chain. This investment allows us to strengthen the proactive controls organizations need to prevent impersonation-based attacks—whether it's a sophisticated hacking group or a state-sponsored developer hiding in plain sight,' said Hemen Vimadalal, CEO of 1Kosmos. '1Kosmos identity verification is the only practical solution that can be quickly deployed in a matter of hours to effectively combat this threat.'
1Kosmos will use the funds to advance product innovation, accelerate global expansion by scaling direct and channel sales across North America, EMEA, and APAC, and deepen technology integrations with leading IAM, CIAM, PAM, and zero trust platforms.
'The mission at 1Kosmos since its inception has stayed remarkably focused on providing individuals with a secure digital identity, one they control and use to prevent identity fraud when accessing digital services,' said Ernie Bio, Managing Director of Forgepoint Capital. 'As the largest investor in the company, we are proud of their track record of innovation and delighted to see their accelerating growth.'
Market Momentum
The announcement follows a string of recent company milestones, including 1Kosmos becoming the only full-service Kantara-certified credential service provider to achieve FedRAMP High authorization, certifying its platform for the U.S. government's most security-sensitive workloads. In partnership with Carahsoft, 1Kosmos was also recently selected for a 10-year, $194.5 million blanket purchase agreement to supply next-generation identity proofing to Login.gov, the federal authentication service used across dozens of agencies.
'We invested in 1Kosmos because they've built a rare combination: a defensible platform, strong commercial traction, and proven scalability,' said Ron Heinz, Founder and General Partner at Oquirrh Ventures. 'Enterprises can consolidate fragmented onboarding, identity verification, and authentication workflows into a single platform that cuts fraud, reduces operational overhead, delivers a modern user experience, and accelerates time-to-value.'
'Stopping AI-powered impersonation attacks is now a boardroom concern. 1Kosmos is delivering a practical, scalable solution,' said Jay Emmanual, Managing Partner at NextEra Energy Investments. 'They've created a business-aligned identity layer that replaces passwords and fragmented tools with secure, verified access for every user—whether employee, customer, or contractor.'
'With all the attention on business efficiency in both the public and private sectors, knowing who is on your network is an impactful way to gain efficiency quickly,' said Craig Abod, Founder and President of Carahsoft. '1Kosmos deterministically proves identity. There's no guessing or predicting involved. This saves time and drastically simplifies identity and access management.'
Why Customers Are Betting on 1Kosmos
1Kosmos enables enterprises to make identity a business enabler, not a security liability, by:
Unifying identity verification and authentication
A single platform combines ID proofing and passwordless authentication—no passwords, no third-party MFA bolt-ons.
Providing built-in privacy and data security
Personally identifiable information (PII) is encrypted and stored using a private, permissioned blockchain—eliminating central honeypots and administrative access.
Advancing identity with AI
1Kosmos is advancing the future of identity verification and passwordless authentication with the power of AI. Leveraging cutting-edge machine learning and generative AI technologies, the company is enhancing its platform across multiple areas, including Adaptive Authentication, Smarter Identity Verification and Enhanced Analytics & Threat Detection.
Supporting enterprise-grade certifications
The platform is certified to FIDO2, NIST 800-63-3, ISO 27001, SOC II Type 2 , PAD Level 2 in accordance with ISO/IEC 30107-1 and ISO/IEC 30107-3, and FedRAMP High, and supporting compliance with global privacy standards.
About 1Kosmos
1Kosmos enables remote identity verification and passwordless multi-factor authentication for workers, customers, and residents to securely engage with digital services. By unifying identity proofing, credential verification, and strong authentication, the 1Kosmos platform prevents identity impersonation, account takeover, and fraud while delivering frictionless user experiences and preserving the privacy of users' personal information.
The company conducts millions of authentications daily for major banks, telecommunications providers, technology and service providers, healthcare organizations, and retailers worldwide. Backed by Forgepoint Capital, Origami Capital Partners/Oquirrh Ventures, NextEra, Gula Tech Adventures, and Craig Abod, 1Kosmos is headquartered in Iselin, New Jersey. For more information, visit www.1kosmos.com and follow us on X, LinkedIn and YouTube.