Tokenize
Latest round
- Seed
Last raised
- Jun 2015
Total raised
- $1.5M
Investors
- 2
About Tokenize
Based in New York, Tokenize Inc.Tokenize Inc. is a security technology firm focused on advanced authentication solutions.Token Ring specializes in advanced multifactor authentication (MFA) solutions, primarily through its flagship product, the Token MFA Smart Ring. This innovative device employs biometric authentication and FIDO2 standards to deliver secure, passwordless access control. Utilizing a built-in fingerprint sensor, the Token Ring ensures that only authorized users can gain access, reducing the risks associated with traditional authentication methods such as passwords and OTPs. The product is designed for a diverse clientele, including financial institutions, healthcare organizations, and technology firms, among others, emphasizing a user-friendly experience that enhances security while minimizing operational disruptions.Token Ring operates a revenue model centered around direct sales and partnerships with various enterprises seeking robust security solutions. Their revenue streams are generated through both B2B transactions and direct consumer sales, focusing on their signature Token MFA Smart Ring and complementary products like the Token BioStick. Each product may be offered through subscription plans or one-time purchases, allowing clients to tailor their security needs according to their operational requirements.In April 2023, Tokenize Inc. Future initiatives include launching new advanced authentication devices aimed at enhancing security solutions across various sectors. Additionally, Tokenize Inc. is looking to penetrate new markets in Asia and South America by the end of 2024, aiming to bolster its presence in regions where cybersecurity demands are rapidly increasing.
Who invested in Tokenize
2 investors across 1 round
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Funding rounds
Seed
Jun 18, 2015
Amount
$1.5M
Investors
Questions about Tokenize
Who invested in Tokenize?
Tokenize has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Tokenize raised?
Tokenize has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Tokenize last raise money?
Tokenize's most recent round on record is a Seed, in Jun 2015.
What does Tokenize do?
Based in New York, Tokenize Inc.
Where is Tokenize headquartered?
Tokenize is headquartered in Rochester, US.
Which VCs invest in companies like Tokenize?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back it security/cybersecurity companies at Tokenize's stage. Their profiles are linked below.
VCs backing it security/cybersecurity startups at Seed
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