Latest news with #BridgeBank
Yahoo
13-08-2025
- Business
- Yahoo
1Kosmos secures $57m for passwordless authentication
US-based 1Kosmos has completed its Series B funding round, securing $57m to enhance its identity verification and passwordless authentication platform. This funding includes a $10m credit line from Bridge Bank, with Forgepoint Capital and Origami's Oquirrh Ventures leading the round. Additional participants include Craig Abod of Carahsoft, Gula Tech Adventures, NextEra Energy Ventures, and the management team of 1Kosmos. This latest investment brings 1Kosmos's total funding to more than $72m, following a $15m Series A round in early 2021 from ForgePoint Capital. The company provides remote identity verification and passwordless multi-factor authentication solutions across sectors such as banking, telecommunications, healthcare, and retail. Its platform integrates identity proofing, credential verification, and secure authentication to prevent identity fraud while maintaining user privacy. 1Kosmos focuses on unifying identity verification with passwordless authentication without third-party multi-factor authentication add-ons. It uses a private blockchain to encrypt personally identifiable information and leverages AI for adaptive authentication and threat detection. Forgepoint Capital managing director Ernie Bio said: '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. 'As the largest investor in the company, we are proud of their track record of innovation and delighted to see their accelerating growth.' The Series B funding aims to address rising enterprise demands for identity-first security solutions amid increasing threats like impersonation and social engineering. 1Kosmos employs technologies such as live biometrics and phishing-resistant authentication to counter these threats. According to 1Kosmos, the funds will drive product innovation and global expansion. These will also be used for scaling sales in North America as well as in Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC). Furthermore, the company plans to deepen technology integrations with various identity and access management platforms. 1Kosmos CEO Hemen Vimadalal said: '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. '1Kosmos identity verification is the only practical solution that can be quickly deployed in a matter of hours to effectively combat this threat.' Recent achievements for 1Kosmos include becoming the only full-service Kantara-certified credential service provider with FedRAMP High authorisation, certifying its platform for handling sensitive US government workloads. In partnership with Carahsoft, 1Kosmos secured a ten year, $194.5m agreement to supply identity proofing services to "1Kosmos secures $57m for passwordless authentication" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
12-08-2025
- Business
- Time of India
1Kosmos secures $57 million in Series B funding to fuel market expansion
MUMBAI: 1Kosmos, a global 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. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program 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.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo '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. Live Events '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.'
Associated Press
12-08-2025
- Business
- Associated Press
1Kosmos Secures $57M in Series B Funding to Accelerate Market Expansion for Identity Verification and Passwordless Authentication Platform
ISELIN, N.J.--(BUSINESS WIRE)--Aug 12, 2025-- 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. 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 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: 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 and follow us on X, LinkedIn and YouTube. View source version on CONTACT: Media Contact: Marc Gendron Marc Gendron PR for 1Kosmos 617.877.7480 [email protected] KEYWORD: NEW JERSEY UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE NETWORKS PROFESSIONAL SERVICES BLOCKCHAIN BIOMETRICS APPS/APPLICATIONS TECHNOLOGY ARTIFICIAL INTELLIGENCE SECURITY ONLINE PRIVACY FINANCE HEALTH SOURCE: 1Kosmos Copyright Business Wire 2025. PUB: 08/12/2025 06:01 AM/DISC: 08/12/2025 06:02 AM
Yahoo
29-07-2025
- Business
- Yahoo
Small Door Veterinary Raises $55 Million to Scale Proven Membership-Based Model
$35M Equity Led by Valspring Capital; $20M Debt Facility Secured from Bridge Bank, a Division of Western Alliance Bank NEW YORK, July 29, 2025--(BUSINESS WIRE)--Small Door Veterinary, the membership-based veterinary care company redesigning the pet health experience, today announced it has raised $55 million in new capital to support its next phase of growth. The raise includes a $35 million equity financing led by Valspring Capital, with participation from existing investors, Primary Venture Partners, C&S Family Capital, Lerer Hippeau, and Toba Capital, as well as a new $20 million debt facility from Bridge Bank, a division of Western Alliance Bank. The raise comes on the heels of several significant milestones for the company — including the hiring of Kristen Lombardi, the founding Chief Operating Officer of Veterinary Emergency Group (VEG), as Small Door's first-ever Chief Operating Officer. In addition, Small Door recently opened two new practices in McLean, VA and Park Slope, Brooklyn, further strengthening its presence in the Northeast and Mid-Atlantic. "We've validated our model across multiple cities, and we've shown that it's not just differentiated, but deeply repeatable," said Florent Peyre, Co-Founder and CEO of Small Door. "This raise gives us the capital — and the confidence — to double down on what's working. We'll continue growing in our core markets while preparing for thoughtful expansion into new ones, all with a focus on discipline, sustainability, and member experience." "Small Door's model is one of the most compelling we've seen in veterinary care," said Yumin Choi, Managing Partner at Valspring Capital. "The team has built a category-defining brand with clinical rigor, hospitality-grade service, and a scalable platform. We're excited to support them as they bring this experience to more pet families nationwide." The new capital will fuel continued growth in existing markets, support strategic new openings, and accelerate investments in member services, medical operations, and technology infrastructure — all with a focus on long-term sustainability and operational excellence. About Small Door VeterinarySmall Door is membership-based veterinary care designed with human healthcare standards. Its unique model combines exceptional primary care, stress-free clinic environments, 24/7 telemedicine, and transparent pricing — creating a better experience for pets, pet parents, and medical teams alike. Founded in New York City, Small Door operates across the Northeast and Mid-Atlantic and is expanding nationally. About Valspring CapitalEstablished in 2022, Valspring is a Boston-based growth equity firm founded by the former healthcare investment team of Bain Capital Ventures. With deep sector expertise and a proven track record, Valspring invests in growth-stage companies in the healthcare industry, focusing on the information technology, technology-enabled services and services sectors. Valspring is purpose-built to support scaling the best teams and solutions to achieve outsized impact and accelerate commercial adoption. For more information, please visit About Bridge BankBridge Bank, a division of Western Alliance Bank, Member FDIC, provides a broad range of financial solutions to emerging and established companies, with deep expertise in venture-backed and growth-stage businesses across the country. View source version on Contacts Media Contact: Pete BahrenburgTailwind PRpete@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
06-05-2025
- Business
- Business Wire
Bridge Bank Provides New $20 Million Credit Facility to AudioEye, Inc.
PHOENIX--(BUSINESS WIRE)--Bridge Bank, a division of Western Alliance Bank, Member FDIC, today announced that its Innovation Banking Group has provided a new $20 million credit facility to industry-leading digital accessibility company AudioEye, Inc. (Nasdaq: AEYE). The largest portion of the credit facility is a new $12 million term loan that replaces AudioEye's existing term loan. The new deal also includes a $3 million revolver and a $5 million delayed draw term loan for potential 'tuck-in' acquisitions. AudioEye combines AI-powered automation, custom fixes and developer tools to enable customers to detect and fix more accessibility issues than any other provider. Its automated accessibility platform, expert human services and flexible developer tools are aligned around one goal: Making the internet accessible for the 1 in 6 people globally living with a disability, according to the World Health Organization. 'AudioEye has a unique approach to making the digital world more accessible for everyone through sophisticated AI technology combined with input from the disability community,' said Francesco Corradino, director of Bridge Bank's Innovation Banking Group. 'We're always excited to provide additional flexibility to pursue strategic opportunities through financing solutions for innovative companies like AudioEye.' 'Over the last few quarters, our operating leverage has become clear with material improvements in our credit profile,' said Kelly Georgevich, Chief Financial Officer of AudioEye. 'The new credit facility features a reduced interest rate and added flexibility for strategic opportunities. We look forward to partnering with Bridge Bank and Western Alliance Bank through our next growth phase.' Read more details about the credit facility in AudioEye's news release. Bridge Bank's Innovation Banking Group supports technology companies at all stages of their life cycles with customized banking services and credit solutions to help them navigate rapidly changing environments. About AudioEye AudioEye exists to ensure the digital future we build is accessible. The gold standard for digital accessibility, AudioEye's comprehensive solution combines industry-leading AI automation technology with expert fixes informed by the disability community. This powerful combination delivers industry-leading protection, ensuring businesses of all sizes — including over 127,000 customers like Samsung, Calvin Klein and Samsonite — meet and exceed compliance standards. With 24 U.S. patents, AudioEye's solution includes 24/7 accessibility monitoring, automated WCAG issue testing and fixes, expert testing, developer tools and legal protection, empowering organizations to confidently create accessible digital experiences for all. About Bridge Bank Bridge Bank, a division of Western Alliance Bank, Member FDIC, delivers relationship banking that puts clients at the center of everything. Founded in 2001 in Silicon Valley, Bridge Bank offers a full spectrum of tailored commercial banking solutions with specialized expertise focused on life sciences and technology and innovation companies at every stage in their life cycle, from startup to IPO and beyond. With offices in major tech hubs across the country, Bridge Bank delivers the reach, resources and market expertise that make a difference for its clients. Bridge Bank also serves the private equity and venture capital communities by providing banking solutions for portfolio companies and funds, plus banking solutions for small to mid-size businesses in the Bay Area. Bridge Bank is part of Western Alliance Bancorporation, which has more than $80 billion in assets. Major accolades include being ranked as a top U.S. bank in 2024 by American Banker and Bank Director. For more information, visit Bridge Bank.
