Authentication & Security

SecureKey Raises $19 Million to Expand its Services to Key Market Sectors

SecureKey Technologies announced today that it has raised $19 million in Series C funding led by its current investors, which include Blue Sky Capital and Rogers Venture Partners LLC. The funding fortifies SecureKey’s ability to bring its identity and authentication network services to key market sectors worldwide, while building on successful implementations that have already been deployed.

The SecureKey Concierge Service is now recognized as one of the most successful federated authentication network initiatives in the world, with the total number of active users enrolled doubling over the past year. SecureKey Concierge currently serves the Government of Canada and other Canadian market customers with services based on its partnerships within the Canadian banking community.

“SecureKey allows organizations to build or subscribe to an identity network that connects consumers to online services via a trusted third-party credential of their choice, where both privacy and security are paramount,” said Charles Walton, CEO of SecureKey, in an official press release. “The funding will help SecureKey accelerate its growth, as people, governments, and organizations worldwide embrace a future that removes the burden of passwords while giving consumers the convenience, choice, and control they deserve.”

In the U.S., SecureKey’s cloud-based service is also the core infrastructure for Connect.Gov, a government-wide, cloud-based service that enables agencies to provide citizens with convenient, secure, and private access to online services using government-approved, commercially issued digital credentials. In January 2015, SecureKey became the first identity and authentication service to be issued provisional Authorization to Operate (pATO) from the Joint Authorization Board (JAB) of the Federal Risk and Authorization Management Program (FedRAMP).

For online privacy and security matters, SecureKey is the leading identity and authentication service provider that gives consumers secure and convenient access to critical online services. It allows organizations to build or subscribe to an identity network that connects consumers with online services where both privacy and security are paramount. The company is backed by a world-class group of venture and corporate investors that include strategic investments from Visa, MasterCard, Discover, Rogers Venture Partners, and Intel Capital.

14-MWH-1703-Cayan-300x250

Kate

Kate is a staff writer at LetsTalkPayments.com., , She likes to write about mobile payments and mobile commerce.

Apply to Become a Contributor