# SecureKey Technologies

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

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.securekey.com
- Total disclosed funding: $49M
- Latest round: Series C (Feb 25, 2015)
- Investors on record: 7

## About

SecureKey Technologies Inc. provides innovative digital identity and authentication solutions, enhancing secure access to online services for businesses and consumers alike.SecureKey Technologies Inc. specializes in digital identity and authentication solutions. Founded in 2008 and headquartered in Toronto, Canada, the company has undergone a significant change in ownership recently. In October 2021, SecureKey was acquired by Interac Corp., and in March 2022, Avast Software, s.r.o. acquired SecureKey for USD 325.9 mn, finalizing the deal in April 2022. The company's founder and current CEO is Greg Wolfond, who has a history of founding other tech initiatives.SecureKey Technologies Inc. specializes in digital identity and authentication solutions aimed at streamlining secure access to online services. Their core offerings include identity verification and authentication services designed to enhance security for both businesses and consumers. These services provide end users with a seamless experience while ensuring compliance with regulatory standards across various industries. SecureKey primarily targets markets in North America, Europe, and Asia, focusing on sectors such as financial services, healthcare, and government. Their flagship product, SecureKey Concierge, allows users to access multiple services using a single digital identity, significantly reducing the complexity and risk associated with password management.SecureKey generates revenue through a subscription-based model, wherein clients pay for access to their suite of identity solutions. This transactional structure often involves partnerships with service providers and enterprises that integrate SecureKey’s technology into their platforms. Clients typically include banks, healthcare institutions, and government agencies that require robust identity verification to safeguard sensitive data. The pricing plans are structured to accommodate various client needs, allowing organizations to choose tiered service levels based on the volume of transactions and specific functionalities required. This approach aligns with industry standards for B2B engagements, positioning SecureKey as a critical player in enhancing security and efficiency in identity management.SecureKey Technologies Inc. is poised for growth with plans to expand its product offerings and market presence. Following the acquisition by Avast Software, the company anticipates launching new products designed to enhance digital identity capabilities. While specific release dates are not disclosed, efforts are underway to penetrate additional markets in Asia and Europe by 2023. The recent funding from the acquisition will be utilized to support these product developments and market expansions, further solidifying SecureKey's position in the identity management landscape.

## Funding rounds

- Series C, Feb 25, 2015, $19M — Rogers Venture Partners, Blue Sky Capital
- Series B, May 25, 2012, $30M — Intel Capital, TELUS Ventures, MasterCard Investment, Discover Financial Services, Rogers Venture Partners, Visa Inc.

## Investors

- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B
- TELUS Ventures (https://capitalatlas.ai/funds/telus-ventures) — Series B
- MasterCard Investment — Series B
- Discover Financial Services — Series B
- Rogers Venture Partners (https://capitalatlas.ai/funds/rogers-venture-partners) — Series B, Series C
- Visa Inc. — Series B
- Blue Sky Capital — Series C