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.