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Passwordless certification volunteer a legion of vantage over traditional pins , passphrases and passcodes . Surveysaround the web show that compromised password induce an estimated 81 % of all breach and that the average person reuses parole up to 14 times , giving hacker access to a big chunk of one ’s digital footprint if they crack the code just once .
But despite the fact that it ’s more secure , passwordless tech is operate up against barriers to espousal — at least in the endeavour . A Harris Pollstudyfound that 48 % of caller did n’t have passwordless assay-mark as of 2021 , in part because they believed that they lack the right acquisition and teams to successfully apply it .
This is to the welfare of platforms likeSecureW2 , which have made a business enterprise out of abstracting away the stone’s throw want to deploy and keep up infrastructure for passwordless assay-mark . Case in percentage point , SecureW2 this sunup herald that it raise $ 80 million in funding from Insight Partners , SecureW2 ’s first - ever round .
Max Wolff , a principal at Insight Partners , which not long ago lead a massive investment in passwordless security vendorTransmit Security , suppose that SecureW2 ’s customer momentum is what clinch the deal .
“ Organizations are progressively looking for alternatives to traditional passwords to authenticate access to networks and applications , ” Wolff said via email . “ SecureW2 provides an soft - to - use , cloud - aboriginal solvent to address this need that ’s already being used by hundred of customers worldwide . ”
SecureW2 , based in Seattle , started as an unresolved source project that give up IT departments with “ non - Windows ” identity element environments to unite Windows devices to their wired and wireless connection base . The creators , Tom Rixom and Bert Kashyap , were spurred to establish the project by the growing relative frequency of password - based tone-beginning — and , they say , by the unattractiveness of enterprise passwordless certification solution at the time .
“ It became clean-cut to us that there was a need for a brisk software - as - a - serve - based and low - friction approach for IT teams , ” Kashyap , SecureW2 ’s CEO , severalize TechCrunch in an e-mail interview .
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Rixom and Kashyap eventually incorporate SecureW2 , which today offers a rooms of passwordless technologies including a puppet to issue certificates — digital replacements for passwords — to authorise approach to a client ’s Wi - Fi , ethernet or VPN . SecureW2 ’s platform makes certificates useable across most roving and background operating system of rules , and can connect to cloud identicalness environs like Okta to stretch policy - based surety across a company ’s surround .
“ From business and government organizations to college and schooling districts , password - based connectivity to connection substructure leads to likely disconnect due to password rotation procedures , ” Kashyap said . “ rid of user foiling and productivity loss drives direct counter on investment along with the security benefits of ensuring those passwords that are used to also get at other apps and resources are n’t susceptible to compromise . ”
SecureW2 , which has just under a thousand customers and “ millions ” of users , harmonize to Kashyap , has been bootstrapped until now — and profitable with free cash menstruum . But it took on funding for two reasons : elaborate its go - to - market elbow grease and ramping up software program growing and R&D in “ ware category that surround SecureW2 ’s space , ” Kashyap said .
“ We ’ve historically used machine learning to see and predict how machine are colligate to infrastructure environment , and we have program to expose some of these elements directly to the client so that they may benefit from surety anomaly detection , electrical capacity planning and more , ” Kashyap say . “ As awareness grows of the need for a passwordless approach in both corporal environments and non - corporate substructure , we ’re providing simple and price - competitive solutions to labor borrowing and growth . ”
SecureW2 has 70 employee currently and expects to end the year with around 80 .
