1Kosmos secures $57 million in Series B funding to fuel market expansion
identity proofing
and
authentication firm
, on Tuesday, 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.
This brings the company's total funding so far to more than $72 million, including a prior $15 million Series A round. 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.
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Hemen Vimadalal, CEO of 1Kosmos, said, 'While the funding is a big milestone, the key point is that companies today need a platform. Earlier, we had to approach them and suggest they try our solution. Now, due to increasing fraud losses, security breaches, and user experience challenges, the demand is coming from them. To meet that demand, we need to get to market faster and drive more adoptions.'
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'We'll be opening new offices in geographies like the Middle East, including Saudi Arabia, and the Asia-Pacific region, including the Philippines. We'll also be doubling down on our go-to-market efforts in both India and North America,' he added.
Siddharth Gandhi, COO-Asia Pacific, 1Kosmos, noted that the company has a strong presence in India, and currently around 35-40% of their revenues come from the APAC region.
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'In India, cybersecurity has really gained momentum over the past few years. Regulatory bodies like the RBI and SEBI are now using terms such as 'biometric-based authentication', 'zero-trust approach', and 'stricter adherence to privacy requirements'. These are all core principles around which we've built our platform architecture,' he said.
As India's economy is massively driven by its small businesses, Vimadalal pointed out that cybersecurity today is impacting small and medium businesses just as much as large enterprises.
'In today's AI-driven world, it's surprisingly easy to breach a smaller organisation without requiring sophisticated techniques. That's why the government now mandates that any company with revenue above Rs 100 crore must have a dedicated security leader. Attacks today are becoming simpler, faster, and more frequent. Our platform has been designed to serve both SMEs and large enterprises. We began with a top-down approach to ensure the system could scale, remain highly efficient, and be extremely resilient. Now, we are effectively serving smaller businesses, too, providing them with a secure
identity platform
at a much lower cost than traditional systems they've been using,' he said.
1Kosmos' platform tackles
AI-driven threats
by detecting whether an interaction involves a deepfake, determining if the person is real or a bot, and validating authenticity in real time. This capability is already being deployed in large organisations.
'Identity has become the first step in the kill chain. This investment allows us to strengthen the proactive controls organisations need to prevent impersonation-based attacks, whether it's a sophisticated hacking group or a state-sponsored developer hiding in plain sight,' Vimadalal said.
He added that one-third of this funding will go towards talent acquisition.
Ernie Bio, Managing Director of Forgepoint Capital, said in a statement, '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.'
Ron Heinz, Founder and General Partner at Oquirrh Ventures, said in a statement, 'We invested in 1Kosmos because they've built a rare combination: a defensible platform, strong commercial traction, and proven scalability.'
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