Connect with us

Hi, what are you looking for?



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

Advertisement. Scroll to continue reading.

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.


Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Gain valuable insights from industry professionals who will help guide you through the intricacies of industrial cybersecurity.


Join us for an in depth exploration of the critical nature of software and vendor supply chain security issues with a focus on understanding how attacks against identity infrastructure come with major cascading effects.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.

CISO Strategy

Okta is blaming the recent hack of its support system on an employee who logged into a personal Google account on a company-managed laptop.

Cybersecurity Funding

2022 Cybersecurity Year in Review: Top news headlines and trends that impacted the security ecosystem

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...


The three primary drivers for cyber regulations are voter privacy, the economy, and national security – with the complication that the first is often...