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

Business Wire

time7 days ago

  • Business
  • Business Wire

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

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 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 and follow us on X, LinkedIn and YouTube.

Cyware and Carahsoft Partner to Deliver Operationalized Threat Intelligence to State, Local, Tribal and Territorial Agencies
Cyware and Carahsoft Partner to Deliver Operationalized Threat Intelligence to State, Local, Tribal and Territorial Agencies

Business Wire

time15-07-2025

  • Business
  • Business Wire

Cyware and Carahsoft Partner to Deliver Operationalized Threat Intelligence to State, Local, Tribal and Territorial Agencies

NEW YORK & RESTON, Va.--(BUSINESS WIRE)-- Cyware, the industry leader in threat intelligence operationalization, collaboration and orchestrated response, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced a strategic partnership. Under the agreement, Carahsoft will serve as Cyware's Public Sector distributor, making Cyware's solutions available to State, Local, Tribal and Territorial (SLTT) agencies through Carahsoft's reseller partners and National Association of State Procurement Officials (NASPO) ValuePoint, The Interlocal Purchasing System (TIPS), OMNIA Partners, E&I Cooperative Services Contract and The Quilt contracts. As cyberattacks on public infrastructure increase in scale and complexity, organizations face mounting pressure to improve threat visibility, coordination and response — often with limited resources and fragmented systems. SLTT agencies play a foundational role in the nation's cyber resilience, and this partnership streamlines the path to stronger, AI-powered defenses. 'SLTT agencies are on the front lines of today's cyber battlefield, yet they're often underserved when it comes to advanced defense capabilities,' said Tom Stockmeyer, Managing Director of Government at Cyware. 'Our partnership with Carahsoft ensures these agencies can rapidly access and implement Cyware's AI-driven solutions. It's about delivering meaningful outcomes, better protection, faster response and stronger community resilience.' Cyware empowers agencies through unified threat intelligence ingestion, sharing and response — integrated with key Public Sector resources such as the Cybersecurity and Infrastructure Security Agency (CISA)'s Automated Indicator Sharing (AIS) program, and multiple Information Sharing and Analysis Centers (ISACs), including MS-ISAC and Health-ISAC. The platform supports real-time collaboration and automation across cyber operations, enabling SLTT organizations to act faster and with greater precision to strengthen their cyber defenses. 'Our partnership with Carahsoft is a significant step forward in empowering SLTT agencies with the right tools to defend against cyber threats,' said Shashi Nair, Head of Channel at Cyware. 'By combining Carahsoft's trusted procurement channels with Cyware's cutting-edge solutions, we're making it easier for these agencies to quickly adopt and operationalize threat intelligence and response capabilities. This collaboration will help streamline the path to stronger, more resilient cybersecurity for our Public Sector partners.' Cyware's solutions are designed to address the unique needs of Public Sector teams, with support for specific Government use capabilities such as ACS Markings, flexible deployment options (cloud or on-premise), scalability for agencies of all sizes, and alignment with key compliance initiatives. Cyware is currently 'StateRAMP In Process' and supports SLTT teams leveraging the State and Local Cybersecurity Grant Program (SLCGP) and other funding vehicles. 'Cyware's solutions are a valuable addition to Carahsoft's cybersecurity portfolio for the Public Sector,' said Michael Shrader, Vice President of Intelligence and Innovative Solutions. 'We're proud to work with our resellers to support SLTT customers in their efforts to modernize their cyber defenses with AI-powered tools that improve intelligence sharing, collaboration and incident response.' Cyware's solutions are available through Carahsoft's NASPO ValuePoint Master Agreement #AR2472, TIPS Contract #220105, OMNIA Partners Contract #R191902, E&I Contract #EI00063~2021MA and The Quilt Master Service Agreement Number MSA05012019-F. For more information, contact the Carahsoft Team at (703) 871-8548 or Cyware@ or read this blog, Bridging the Threat Intelligence Gap: Why SLTT Governments Can't Afford to Wait. About Cyware Cyware is leading the industry in operational threat Intelligence and collective defense, helping security teams transform threat intelligence from fragmented data points to actionable, real-time decisions. We unify threat intelligence management, intel sharing and collaboration, as well as hyper-orchestration and automation — eliminating silos and enabling organizations to outmaneuver adversaries faster and more effectively. From enterprises to government agencies and ISACs, Cyware empowers defenders to turn intelligence into impact. About Carahsoft's Cybersecurity Solutions Portfolio Carahsoft's Cybersecurity solutions portfolio includes leading and emerging technology vendors that enable organizations to defend against cyber threats, manage risk and achieve compliance. Supported by dedicated Cybersecurity product specialists and an extensive ecosystem of resellers, integrators and service providers, we help organizations identify the right technology for unique environments and provide access to technology solutions through our broad portfolio of contract vehicles. The cybersecurity portfolio spans solutions for Supply Chain Risk Management, Cloud Security, Network & Infrastructure, Identity & Access Management, Risk & Compliance and more, ensuring comprehensive protection for organizations' cyber ecosystems. Explore Carahsoft's Cybersecurity Solutions for Government here. About Carahsoft Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator® for our vendor partners, we deliver solutions for Cybersecurity, MultiCloud, DevSecOps, Artificial Intelligence, Customer Experience and Engagement, Open Source and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles. Visit us at

"AI for Impact Day" explores the potential for AI to improve decision-making and increase efficiency across critical national security operations
"AI for Impact Day" explores the potential for AI to improve decision-making and increase efficiency across critical national security operations

Yahoo

time25-06-2025

  • Business
  • Yahoo

"AI for Impact Day" explores the potential for AI to improve decision-making and increase efficiency across critical national security operations

Fed-civ, defense, and industry technology experts to gather for one-day event hosted by Agile Defense MCLEAN, Va., June 25, 2025 /PRNewswire/ -- Some of the nation's leading artificial intelligence experts will come together to discuss opportunities around how technology can transform federal government and defense operations at the inaugural AI for Impact Day. The June 26 event will explore real-world applications, like how to use AI to streamline operations, enhance intelligence gathering and improve decision making. Speakers will focus on pressing issues, such as how AI can enhance opportunities to achieve mission success, the importance of human-centered design (HCD) and customer experience (CX) in federal applications and how to improve information and decision advantage for the modern warfighter. "We stand at a critical crossroads as our industry and the world grapple with the lightning speed of innovation," said Rick Wagner, CEO of Agile Defense, a leading advanced digital transformation, data analytics and cyber solutions provider. "In moments like these, we have a choice: resist change or embrace it. That's why we've decided to bring our partners from across the industry to seize this moment and come together to highlight both the opportunities and challenges AI presents so that we can help ensure we evolve faster than adversaries can adapt." AI for Impact will include panel discussions with industry and keynote speakers, live demonstrations, as well as breakout rooms where participants can hold in-depth conversations. Through these discussions, participants will gain valuable insights into the many ways strategic partnerships and emerging technologies are reshaping how the federal government carries out its missions. Register to join Agile Defense at AI for Impact Day here. When: June 26, 2025, doors open at 8 Carahsoft - 11493 Sunset Hills Rd. STE 100, Reston, VA 20190Registration cost: $0 for U.S. government employees, $250 for industry. About Agile Defense: Agile Defense stands at the forefront of innovation, driving advanced capabilities and solutions tailored to the most critical national security and civilian missions. With more than 2,000 teammates operating in North America, Europe, Asia, and the Middle East, Agile Defense supports our customer missions around the globe. Our collaborative and multi-disciplinary teams bring creativity and flexibility to developing advanced digital transformation, data analytics, and cyber solutions. We are not afraid to take on the most difficult challenges because we know that together, we can accomplish anything. Learn more at View original content to download multimedia: SOURCE Agile Defense 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

"AI for Impact Day" explores the potential for AI to improve decision-making and increase efficiency across critical national security operations
"AI for Impact Day" explores the potential for AI to improve decision-making and increase efficiency across critical national security operations

Yahoo

time25-06-2025

  • Business
  • Yahoo

"AI for Impact Day" explores the potential for AI to improve decision-making and increase efficiency across critical national security operations

Fed-civ, defense, and industry technology experts to gather for one-day event hosted by Agile Defense MCLEAN, Va., June 25, 2025 /PRNewswire/ -- Some of the nation's leading artificial intelligence experts will come together to discuss opportunities around how technology can transform federal government and defense operations at the inaugural AI for Impact Day. The June 26 event will explore real-world applications, like how to use AI to streamline operations, enhance intelligence gathering and improve decision making. Speakers will focus on pressing issues, such as how AI can enhance opportunities to achieve mission success, the importance of human-centered design (HCD) and customer experience (CX) in federal applications and how to improve information and decision advantage for the modern warfighter. "We stand at a critical crossroads as our industry and the world grapple with the lightning speed of innovation," said Rick Wagner, CEO of Agile Defense, a leading advanced digital transformation, data analytics and cyber solutions provider. "In moments like these, we have a choice: resist change or embrace it. That's why we've decided to bring our partners from across the industry to seize this moment and come together to highlight both the opportunities and challenges AI presents so that we can help ensure we evolve faster than adversaries can adapt." AI for Impact will include panel discussions with industry and keynote speakers, live demonstrations, as well as breakout rooms where participants can hold in-depth conversations. Through these discussions, participants will gain valuable insights into the many ways strategic partnerships and emerging technologies are reshaping how the federal government carries out its missions. Register to join Agile Defense at AI for Impact Day here. When: June 26, 2025, doors open at 8 Carahsoft - 11493 Sunset Hills Rd. STE 100, Reston, VA 20190Registration cost: $0 for U.S. government employees, $250 for industry. About Agile Defense: Agile Defense stands at the forefront of innovation, driving advanced capabilities and solutions tailored to the most critical national security and civilian missions. With more than 2,000 teammates operating in North America, Europe, Asia, and the Middle East, Agile Defense supports our customer missions around the globe. Our collaborative and multi-disciplinary teams bring creativity and flexibility to developing advanced digital transformation, data analytics, and cyber solutions. We are not afraid to take on the most difficult challenges because we know that together, we can accomplish anything. Learn more at View original content to download multimedia: SOURCE Agile Defense 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

Hyperscience and Carahsoft Partner to Accelerate AI-Driven Automation and Efficiency in the Public Sector
Hyperscience and Carahsoft Partner to Accelerate AI-Driven Automation and Efficiency in the Public Sector

Business Wire

time17-06-2025

  • Business
  • Business Wire

Hyperscience and Carahsoft Partner to Accelerate AI-Driven Automation and Efficiency in the Public Sector

NEW YORK & RESTON, Va.--(BUSINESS WIRE)-- Hyperscience, a market leader in hyperautomation and a provider of enterprise AI infrastructure software, and Carahsoft Technology Corp., the Trusted Government IT Solutions Provider®, today announced a partnership aimed at transforming back office operations for Federal and State and Local Government Agencies. Under the agreement, Carahsoft will serve as a Master Government Aggregator® for Hyperscience, making the company's cutting-edge AI platform available to the Public Sector through Carahsoft's reseller partners and NASA Solutions for Enterprise-Wide Procurement (SEWP) V, National Association of State Procurement Officials (NASPO) ValuePoint, The Interlocal Purchasing System (TIPS) and OMNIA Partners contracts. Hyperscience achieved FedRAMP High authorization in December 2024 in partnership with Palantir Technologies through the company's FedStart Program, a critical milestone for technology deployments for U.S. Government agencies. Leading Federal and State and Local agencies rely on Hyperscience to achieve secure, compliant, and efficient back office operations. Public Sector leaders today must navigate many challenges as they pursue multiple objectives – including increasing efficiency while lowering costs, delivering improved services and experiences to citizens and establishing secure and compliant operations. Organizations and agencies across the Public Sector believe technology modernization will play a vital role in addressing these challenges, and are increasing investment in AI and automation technologies. According to a recent Forrester report 1 on the Public Sector, 63 percent of respondents said their organization plans to increase their spending on technology products and services in the next year. 'The need to modernize systems and provide exceptional citizen services has never been more critical,' said Andrew Joiner, CEO of Hyperscience. 'Government agencies face significant inefficiencies due to manual processes, paper-based workflows and inaccurate data. Our partnership with Carahsoft addresses these challenges by automating data extraction, improving accuracy and eliminating outdated systems and manual, error-prone work—while ensuring compliance and driving cost savings. Together, we will help Public Sector organizations achieve faster, smarter, and more efficient operations.' The Hyperscience AI platform, Hypercell, delivers accurate data extraction and process orchestration at scale. Hypercell enables Government agencies to transform manual time-consuming tasks into streamlined workflows, resulting in faster, more accurate data-driven decisions. The company's platform allows Public Sector agencies to access advanced AI-driven tools designed to automate manual workflows, improve data accuracy and transition from paper-based processes to digital-first systems. 'Hyperscience's platform brings an innovative AI solution to Government agencies which increases productivity and improves the accuracy and reliability of data,' said Michael Adams, Program Executive for AI Solutions at Carahsoft. 'Hypercell offers critical tools for enhanced operational efficiency, enabling smart and effective Government operations. We look forward to collaborating with Hyperscience and our reseller partners to bring this platform to the Public Sector.' Hyperscience has a strong track record in delivering positive outcomes for Federal, State and Local agencies: U.S. Department of Veterans Affairs: Automating claims processing to expedite benefits for over 9 million service members. Social Security Administration: Improving the efficiency of disability claims processing through advanced document comparison technology. California Department of Corrections and Rehabilitation: Transforming extensive paper records into easily searchable digital formats. State of Missouri: Helping process and prioritize strategic tasks instead of being occupied with manual data entry. Some initiatives and use cases that Hyperscience and Carahsoft will work on together include: Freedom of Information Act (FOIA): Helping Government agencies reduce case backlog and improving processing times while ensuring accuracy of each FOIA case. Claims processing service member records: Accelerating processing times for each request, allowing defense agencies to increase accuracy and avoid failed audits and quickly process DoD Forms, hand-written notes, letters, foreign languages. Processing complex documents: Extracting mission critical information from long, complex documents including contracts, and manuals with diagrams and drawings, to enable defense personnel to accurately and efficiently identify necessary information quickly. In addition to the FedRAMP High Authorization, the Hyperscience platform aligns with SOC 2, HIPAA and GDPR compliance requirements to ensure the protection of sensitive data throughout the automation process. Hyperscience's solutions are available through Carahsoft's SEWP V contracts NNG15SC03B and NNG15SC27B, NASPO ValuePoint Master Agreement #AR2472, TIPS Contract #220105 and OMNIA Partners Contract #R240303. For more information, contact the Carahsoft team at (571) 662-4235 or Hyperscience@ Explore Hyperscience's solutions here. About Hyperscience Hyperscience is a market leader in hyperautomation and a provider of enterprise AI infrastructure software. The Hyperscience Hypercell platform unlocks the value of an organization's back office data through the automation of end-to-end processes and transforms complex documents into LLM and RAG-ready data to power new enterprise GenAI experiences. This enables organizations to transform manual, siloed processes into a strategic advantage, resulting in a faster path to decisions, actions, and revenue; positive and engaging customer, public, and patient experiences; and dramatic increases in productivity. Leading organizations across the globe rely on Hyperscience to drive their hyperautomation initiatives, including American Express, Charles Schwab, HM Revenue and Customs, Mars, Stryker, The United States Social Security Administration, and The United States Department of Veterans Affairs. The company is funded by top tier investors including Bessemer Venture Partners, Battery, FirstMark, Stripes, and Tiger Global. About Carahsoft Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator for our vendor partners, we deliver solutions for Artificial Intelligence, Cybersecurity, MultiCloud, DevSecOps, Customer Experience and Engagement, Open Source and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles. Visit us at 1 Forrester Research, 'Public Sector and Government Technology Market Insights, 2024'

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