# Authentium

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/authentium

- Industry: Software
- Headquarters: Palm Beach Gardens, US
- Website: www.authentium.com
- Total disclosed funding: $19M
- Latest round: Series B (Jun 15, 2007)
- Investors on record: 6

## About

Authentium is a cybersecurity firm focused on delivering advanced endpoint security and data protection solutions, primarily for businesses seeking to safeguard their digital assets against cyber threats.Founded in 2000 and headquartered in Palm Beach Gardens, Florida, Authentium specializes in cybersecurity solutions. The company has undergone strategic pivots to enhance its product offerings and has not been noted as part of a larger parent company or having any subsidiaries. The company was established by individuals with a history in technology and cybersecurity. Authentium has completed a total of 2 deals, with its most recent funding round occurring on June 15, 2007, when it raised USD 3.6 mn in a Series B round from investors including Safeguard Scientifics and Westbury Partners. This amount represents the total capital raised by the company, which is currently valued at USD 35.93 mn.Authentium specializes in providing cybersecurity solutions, focusing on endpoint security and data protection. Their core offerings include advanced antivirus software and cloud-based security services designed to safeguard devices and sensitive information from various cyber threats. These products cater primarily to businesses, ensuring effective protection against malware, ransomware, and other malicious attacks across sectors including finance, healthcare, and e-commerce. Authentium serves a diverse customer base ranging from small to medium-sized enterprises to larger corporations across North America and Europe, leveraging their technology to create secure environments for users and clients alike.Authentium's revenue model revolves around subscription-based services, enabling clients to access robust cybersecurity solutions through various pricing plans. Businesses can enter into annual or multi-year contracts that provide continuous access to software updates and customer support. The company engages in B2B transactions, offering services directly to enterprises requiring comprehensive security measures. Clients pay a tiered pricing structure based on the number of users or devices needing protection, which includes flagship products such as their antivirus software, thereby maintaining a steady revenue flow while ensuring ongoing cybersecurity protection tailored to their unique needs.Looking ahead, Authentium plans to leverage its most recent funding of USD 3.6 mn raised in June 2007 to further develop its product offerings. The company is focusing on launching new cybersecurity products designed for upcoming trends in cyber threats, targeting a release in late 2024. Additionally, Authentium aims to expand its market presence into the Asia-Pacific region by 2025, recognizing the growing demand for cybersecurity solutions in that area.

## Funding rounds

- Series B, Jun 15, 2007, $3.6M — Safeguard Scientifics, Westbury Partners
- Series A, Apr 25, 2006, $15M — Safeguard Scientifics, BMB Investment Bank, UOB Venture Management, Westbury Partners, Industrial & Financial Investments Company, Enspire Capital

## Investors

- Safeguard Scientifics (https://capitalatlas.ai/funds/safeguard-scientifics) — Series A, Series B
- BMB Investment Bank — Series A
- UOB Venture Management (https://capitalatlas.ai/funds/uob-venture-management) — Series A
- Westbury Partners (https://capitalatlas.ai/funds/westbury-partners) — Series A, Series B
- Industrial & Financial Investments Company — Series A
- Enspire Capital (https://capitalatlas.ai/funds/enspire-capital) — Series A