# Yubico

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

- Industry: IT Security/Cybersecurity
- Headquarters: Stockholm, Sweden
- Website: www.yubico.com
- Total disclosed funding: $30M
- Latest round: Series A (Jun 7, 2017)
- Investors on record: 3

## About

Yubico AB delivers advanced identity security solutions with its flagship product, the YubiKey, designed to provide robust, phishing-resistant two-factor authentication across various digital platforms.Founded in 2007 and headquartered in Stockholm, Sweden, Yubico AB specializes in hardware authentication devices. The company was established by Stina Ehrensvard, who has a background in technology entrepreneurship. Yubico raised USD 32.48 mn in funding from AMF Tjänstepension on July 8, 2020, bringing the total amount raised to USD 32.48 mn with a current valuation of USD 650.00 mn.Yubico specializes in robust identity security solutions, primarily through its flagship product, the YubiKey, which functions as a hardware authentication device designed to provide phishing-resistant two-factor authentication (2FA) across various platforms. The YubiKey enables users to verify their identity by simply touching the device, streamlining the authentication process without the need for passwords or mobile apps. This technology addresses critical use cases for enterprises, small and medium-sized businesses (SMBs), and individual users looking to enhance their cybersecurity postures against modern threats. Yubico's products serve a diverse client base, including organizations such as Google and Hyatt, and cater to sectors including education, financial services, and healthcare. Yubico's products are available in North America, Europe, and Asia-Pacific, ensuring a wide reach for its security solutions.Yubico generates revenue primarily through the sale of its YubiKey hardware devices and associated services, including the YubiKey as a Service, which supports scalable deployment for enterprises. The company’s revenue for the most recent year, 2020, was USD 66.05 mn, with an EBITDA of USD -20.17 mn, indicating the financial dynamics of its operations and customer engagements.In July 2020, Yubico AB secured USD 32.48 mn in venture funding from AMF Pensionsförsäkring, which will be utilized to invest in new products and services while increasing production capacity in Sweden. The company plans to expand its product offerings and enhance its services, targeting new geographical markets to grow its client base.

## Funding rounds

- Series A, Jun 7, 2017, $30M — New Enterprise Associates, Bure, Valley Capital Partners

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A
- Bure (https://capitalatlas.ai/funds/bure) — Series A
- Valley Capital Partners (https://capitalatlas.ai/funds/valley-capital-partners) — Series A