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Keyless Goes Independent, Raises $6M for Biometric Authentication

British startup building biometric authentication technology has snagged $6 million in a new round of funding led by Rialto Ventures.

Keyless, a British startup building biometric authentication technology, has snagged $6 million in a new round of funding led by Rialto Ventures.

The new financing, which brings the total raised by Keyless to $26 million, is the company’s first as a newly independent company after being spun out of parent company Sift after this year.

Keyless is working on technology that promises to unify the entire identity lifecycle with privacy-preserving biometric authentication.

The company is pitching products to continuously assure the genuine identity of the user from the initial onboarding and account creation, through to step-up actions, transaction signing (including PSD2 SCA compliance), and account recovery. 

Keyless said its tools help defenders deal with account takeover attacks and identity theft and also  ensures compliance with global data protection and privacy regulations, such as the GDPR.

The European startup said its technology can create universal biometric profiles that can be used to assure the identity of the genuine user at any point in the identity lifecycle without needing to store biometric data anywhere.

Keyless said its flagship Zero-Knowledge Biometrics technology does not store biometric data and delivers built-in multi-factor security with just one look at the camera. 

Related: Visa Makes Biometrics Easier for Financial Institutions

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Related: Token Gets $30M Funding for Biometrics MFA Smart Ring

Related: Passkeys Support in Google Accounts for Passwordless Sign-Ins

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

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