1Kosmos Emerges from Stealth Mode With $15 Million in Funding
Platform Leverages Biometric Authentication and Blockchain Technology to Verify Identities
Cybersecurity startup 1Kosmos emerged from stealth mode this week armed with $15 million in Series A funding from ForgePoint Capital to gain traction with its digital identity and authentic solutions.
The Somerset, NJ-based company has developed a platform that leverages biometrics and private a blockchain to enable passwordless authentication.
The company explains that its “ID-proofing process” leverages user-uploaded identity credentials, backed by the use of biometrics to ensure the identity of the user accessing systems, while storing user data encrypted in a private, permissioned blockchain.
While the company name may sound a bit quirky, 1Kosmos is tackling a serious issue, and has recruited several former high-profile government officials to serve on its advisory board, including former NSA Director Mike McConnell; former DHS Secretary Kirstjen Nielsen; Kemp Ensor, former Director of Security and Counterintelligence at the NSA, and several others.
The company is headquartered in Somerset, New Jersey, and has development offices in Mumbai, India.