Cybersecurity Startup Futurae Technologies Raises CHF 2 Million

26.09.2018 08:25

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Futurae Team

Futurae Technologies aims to change the secure authentication landscape with its technology securely authenticating the user via ambient noise, ultra-sound and context information. To accelerate their market expansion, they have closed a CHF 2M financing round, led by AXA Venture Partners and DIventures.

Futurae Technologies founded by ETH Zurich security researchers, offers a comprehensive and innovative authentication portfolio. Its future-proof and leading product ‘Zero-Touch’, offers two-factor authentication that works without any user interaction. The technology uses a machine learning algorithm to securely authenticate the user via ambient noise, ultra-sound and context information.

Sandra Tobler, CEO of Futurae says “We see companies striving to continuously meet customers’ expectations, offer more personalized services, and improve the customer experience. IT security should not be a stumbling block but rather integrate seamlessly into the digital user journey”.

In addition to ‘Zero-Touch’, Futurae complements its product portfolio with a range of multi-factor authentication methods that offers companies full flexibility with ‘One-Touch’ solutions, transaction signing and IoT authentication. Distinguished as a ‘Gartner Cool Vendor 2018 in Identity and Access Management’, Futurae API enables swift and uncomplicated integration into a company infrastructure for secure and easy end-user logins to web and mobile applications.

First Swiss Investment of AXA Venture Partners
This financing round of 2 million Swiss francs will be used to accelerate market expansion. The round was led by AXA Venture Partners and DIventures, with participation of Zürcher Kantonalbank and Stefan Muehlemann, founder and CEO of Loanboox. “With Futurae, we have found our first Swiss investment to join our growing portfolio. Switzerland has shown itself to be a forerunner in the deep tech scene, with ETH Zurich producing high quality cybersecurity technology for the global market.” says François Robinet, Managing Partner of AXA Venture Partners and member of the Board of Futurae Technologies.

Thomas Hilgendorff who joins him on the Board adds, “DIventures is looking forward to working with Futurae. We see Futurae’s novel and human-centric cybersecurity products fundamentally shaping the Identity Access Management infrastructure in the financial and insurance sector.”

Futurae is currently working with major players in the identity and access management domain within the financial and insurance industry, as well as with fast-growing startups.

(Press release)

 

 

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