Authy
Latest round
- Seed
Last raised
- Sep 2014
Total raised
- $2.3M
Investors
- 8
About Authy
Authy Inc.Founded in 2011 and headquartered in San Francisco, US, Authy Inc. specializes in two-factor authentication services. The company was acquired by Twilio in February 2015, which has positioned Authy to leverage Twilio's extensive infrastructure and resources., offers a robust two-factor authentication (2FA) application designed to enhance online security for individuals and businesses. The core functionality of Authy is to generate time-based one-time passcodes, which serve as a second layer of verification to supplement traditional username and password security measures. The application is available for multiple devices, including smartphones and desktops, and provides secure cloud backup of authentication tokens, ensuring users can easily recover their accounts across different platforms. Authy aims to address the growing concern of account takeovers and data breaches, which are prevalent in today's digital landscape.Authy's revenue model is primarily driven by subscription services offered to businesses that integrate its 2FA capabilities into their platforms. This typically involves B2B transactions where clients pay a recurring fee based on usage or the number of users accessing the service, ensuring a steady revenue stream for the company. The service may also include tiered pricing plans that cater to different business sizes and security needs, allowing companies to select a package that aligns with their requirements. Authy's flagship service, the 2FA API, facilitates seamless integration into existing applications, providing a secure method for authenticating users.Authy Inc. plans to expand its offerings by developing new features and enhancing existing products to meet the evolving security needs of its users. The company is looking to enter new international markets, focusing on regions in Europe and Asia by the end of 2023. Additionally, the acquisition by Twilio is expected to facilitate synergies that will accelerate growth and improve service delivery.
Who invested in Authy
8 investors across 2 rounds
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Questions about Authy
Who invested in Authy?
Authy has 8 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Authy raised?
Authy has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Authy last raise money?
Authy's most recent round on record is a Seed, in Sep 2014.
What does Authy do?
Authy is a it security/cybersecurity company.
Where is Authy headquartered?
Authy is headquartered in San Francisco, US.
Which VCs invest in companies like Authy?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back it security/cybersecurity companies at Authy's stage. Their profiles are linked below.
VCs backing it security/cybersecurity startups at Seed
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