# TokenOne

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

- Industry: IT Security/Cybersecurity
- Headquarters: Sydney, Australia
- Website: www.tokenone.com
- Total disclosed funding: $1.3M
- Latest round: Series C (Feb 26, 2015)
- Investors on record: 4

## About

TokenOne provides advanced authentication solutions that enhance security and user experience, focusing on innovative technology for seamless login without revealing sensitive information.Founded in 2012 in Sydney, Australia, TokenOne develops advanced authentication systems that leverage One-Time Pad principles. The company was co-founded by Kamil Kreiser and Phil Cuff. TokenOne has successfully raised funds, including a Series C round in February 2015, led by Singtel Innov8, securing USD 1.25 mn in total funding.TokenOne specializes in advanced authentication solutions that emphasize security and user experience. Their core product is a unique authentication system based on One-Time Pad principles, which allows users to securely log in without ever entering or revealing their Personal Identification Number (PIN). This system combines smart device identification with Zero Knowledge Password Proof, ensuring that users can authenticate without disclosing their secret credentials. TokenOne targets a diverse client base including organizations requiring robust security measures, such as financial institutions, healthcare providers, and businesses that handle high-risk data. The company's solutions are designed to be frictionless and secure, addressing the growing need for stringent identity verification across various sectors, and they have begun to penetrate markets in North America and Europe, among others.TokenOne generates revenue through a structured model centered on subscriptions and partnerships with organizations seeking enhanced authentication solutions. Clients invest in TokenOne's technology to improve their security infrastructure, often integrating the service into their existing systems to facilitate user access. The company offers comprehensive plans that cater to both enterprise and small business needs, ensuring that clients can select a tier that aligns with their security requirements and operational scale. Transactions typically involve an upfront setup fee followed by a recurring subscription cost, which varies based on the number of users and the level of service required. TokenOne's flagship technology, which guarantees that users' credentials remain confidential while providing strong two-factor authentication, is pivotal in these transactions and underpins client confidence in the service's value.TokenOne plans to launch new products designed to enhance its authentication offerings, with specific release dates yet to be announced. The company aims to expand its reach into additional markets, particularly in North America and Europe, by the end of 2023. The recent funding of USD 1.25 mn raised in February 2015 will support these strategic initiatives, enabling TokenOne to enhance its technology and marketing efforts to drive growth and increase market penetration.

## Funding rounds

- Series C, Feb 26, 2015, $1.3M — Singtel Innov8, BlueChilli, Black Sheep Capital, Mirin Capital

## Investors

- Singtel Innov8 (https://capitalatlas.ai/funds/singtel-innov8) — Series C
- BlueChilli (https://capitalatlas.ai/funds/bluechilli) — Series C
- Black Sheep Capital (https://capitalatlas.ai/funds/black-sheep-capital) — Series C
- Mirin Capital — Series C