# Keyless Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/keyless-technologies

- Industry: Software
- Headquarters: London, UK
- Website: www.keyless.io
- Total disclosed funding: $9.4M
- Latest round: Seed (Nov 10, 2021)
- Investors on record: 11

## About

Keyless Technologies Limited, based in the UK, specializes in privacy-preserving biometric authentication solutions, enhancing security while prioritizing user privacy and compliance with regulations.Founded in 2018, Keyless Technologies Limited operates out of London, UK, providing biometric authentication solutions that do not require sensitive data storage. The company was co-founded by Andrea Carmignani, who has a background in technology startups. Keyless recently raised EUR 1.9 million in a funding round co-led by Rialto 1 EuVECA and Experian Ventures, bringing their total amount raised to EUR 1.9 million across 9 deals. Their latest funding round occurred on January 22, 2025, marking a significant milestone in their growth trajectory.Keyless specializes in privacy-preserving biometric authentication solutions designed to enhance security while prioritizing user privacy. Their core product leverages advanced biometric technology to authenticate users without the need to store sensitive biometric data, thereby addressing critical concerns regarding data privacy and security. Keyless primarily serves a diverse clientele that includes financial institutions and credit providers, enabling them to offer secure, passwordless authentication solutions to their end users. The company’s products are marketed across various geographical regions, with a notable presence in Europe, North America, and parts of Asia, aiming to transform how consumers access services while protecting their personal information.Keyless generates revenue through a B2B model, partnering with organizations that require secure authentication solutions. The transaction structure typically involves subscription-based services, where clients pay for access to Keyless's biometric authentication technologies integrated into their platforms. Clients may also engage in partnerships that involve tailored implementations of Keyless’s solutions, depending on their specific security needs. The pricing model is designed to accommodate various client scales, ensuring that organizations can choose plans that align with their operational requirements. Keyless’s flagship offerings, recognized for their groundbreaking capabilities in biometric authentication, position the company as a leader in the identity verification market.In January 2025, Keyless Technologies Limited raised EUR 1.9 million in venture funding to accelerate its technological advancement, further product development, and expand its market presence, particularly in North America. The company is focusing on launching new products designed to enhance its offerings in the biometric space, with an emphasis on user-centric security solutions. Additionally, Keyless plans to explore new markets in North America, targeting completion of this expansion phase by the end of 2025.

## Funding rounds

- Seed, Nov 10, 2021, $4.8M — P101, Primo Capital, Gumi Cryptos Capital, Possible Ventures
- Seed, Jun 15, 2020, $2.2M — P101, Primo Capital, Luiss Alumni 4 Growth
- Seed, Jul 29, 2019, $2.2M — gumi ventures, Blockchain Valley Ventures, LuneX Ventures, Xpring
- Seed, Jan 10, 2019, $0.2M — Lanzame, Loyal Venture Fund Group
- Angel, May 16, 2018, $0.1M — gumi ventures, Lanzame, Loyal Venture Fund Group

## Investors

- gumi ventures (https://capitalatlas.ai/funds/gumi-ventures) — Angel, Seed
- Lanzame (https://capitalatlas.ai/funds/lanzame) — Angel, Seed
- Loyal Venture Fund Group (https://capitalatlas.ai/funds/loyal-venture-fund-group) — Angel, Seed
- Blockchain Valley Ventures (https://capitalatlas.ai/funds/blockchain-valley-ventures) — Seed
- LuneX Ventures (https://capitalatlas.ai/funds/lunex-ventures) — Seed
- Xpring — Seed
- P101 (https://capitalatlas.ai/funds/p101) — Seed
- Primo Capital (https://capitalatlas.ai/funds/primo-capital) — Seed
- Luiss Alumni 4 Growth — Seed
- Gumi Cryptos Capital (https://capitalatlas.ai/funds/gumi-cryptos-capital) — Seed
- Possible Ventures — Seed