# Transmit Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/transmit-security

- Industry: IT Security/Cybersecurity
- Headquarters: Boston, US
- Website: www.transmitsecurity.com
- Total disclosed funding: $543M
- Latest round: Series A (Jun 22, 2021)
- Investors on record: 9

## About

Founded in 2014 and based in Israel, Transmit Security Ltd. is a software company that develops and provides identity security solutions. CEO Mr. Mickey Boodaei and Mr. Rakesh Loonkar co-founded the company. In June 2021, Insight Partners and General Atlantic co-led the series A funding with a USD 2.2 billion post-money valuation.

The company's development team provides a SaaS (software-as-a-service)-based identity security platform that helps enterprises detect fraud and implement passwordless biometric authentication techniques such as fingerprint, face, eye, and voice recognition. The company's software products include BindID, FlexID, and WorkID.

Transmit Security Ltd. generates revenue by offering subscription-based passwordless identity and risk management software solutions to financial organizations, merchants, and online service providers.

The June 2021 funding will help Transmit Security Ltd. increase its primary business functions and invest in key global areas.

## Funding rounds

- Series A, Jun 22, 2021, $543M — General Atlantic, Insight Partners, Vintage Investment Partners, Goldman Sachs Asset Management, Citi Ventures, Geodesic Capital, Cyberstarts, Artisanal Ventures, SYN Ventures

## Investors

- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series A
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series A
- Vintage Investment Partners (https://capitalatlas.ai/funds/vintage-investment-partners) — Series A
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series A
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series A
- Geodesic Capital (https://capitalatlas.ai/funds/geodesic-capital) — Series A
- Cyberstarts (https://capitalatlas.ai/funds/cyberstarts) — Series A
- Artisanal Ventures (https://capitalatlas.ai/funds/artisanal-ventures) — Series A
- SYN Ventures (https://capitalatlas.ai/funds/syn-ventures) — Series A