1Kosmos, the cybersecurity solution to provide digital identity proofing and passwordless authentication, has announced a $15 million investment from ForgePoint Capital, the premier venture investor for early-stage cybersecurity companies.
Led by CEO Hemen Vimadalal, CTO Rohan Pinto and CSO Mike Engle, 1Kosmos’ family of products—BlockID Verify, BlockID Workforce and BlockID Customer—delivers security for enterprises and individuals.
“At ForgePoint, our goal is to build the next generation of companies that protect the digital world,” said Alberto Yépez, founding partner at ForgePoint Capital and 1Kosmos board member. “1Kosmos provides an integrated offering to enable organizations to drive their digital transformation by managing identities in a distributed environment. We are excited to partner with the 1Kosmos team given their track record of success and their differentiated standards-based offering with a solid architecture approach. They will transform the way the industry views digital identities and authentication.”
In addition to securing funding, which will be used to accelerate the company’s growth and product roadmap, 1Kosmos has assembled an advisory board that brings together top professionals in the cybersecurity industry.
With decades of combined experience working for industry-leading organizations such as Booz Allen, the National Security Agency, Barclays and more, 1Kosmos’ advisory board members include: Mike McConnell – Chairman of the Board and Vice-Chairman at Booz Allen, Former Director of NSA, Department of National Intelligence, US Navy, Art Money, Former Assistant Secretary of Defense for Command, Control, Communications and Intelligence, Former CIO Department of Defense, Airforce, Kirstjen Nielsen – Former U.S. Secretary of Homeland Security, Kemp Ensor – Former Director of Security and Counterintelligence at the NSA, Patrick Gorman – Executive Vice President of Booz Allen, Bob Rose – Advisor to the NSA, Secret Service, and NSA and ODNI, Chris Perry – President of Broadridge Financial Solutions, Inc., Peter Carroll – Partner at Oliver Wyman, Ramin Safai – CISO & CTO of Jeffries, Jim Ducharme – General Manager, Anti-Fraud Business Unit at RSA Security, Dan Lohrmann – Chief Strategist & CSO at Security Mentor, Inc., Alberto Yépez – Founding Partner at ForgePoint Capital.
“Research has shown that 81% of data breaches are caused by identity & credential compromises,” said Hemen Vimadalal, CEO of 1Kosmos. “With the help of our expert advisory board and investment from ForgePoint, we are able to make this an issue of the past for all – saving companies and individuals the time, money and hassle associated with outdated security. We are here to solve a 60-year-old digital identity and credential problem in less than 60 minutes.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.