Transmit Security

Year Founded:


Year Funded:



  • Boston, MA, USA
  • Tel Aviv, Israel

About Transmit

Frictionless authentication solution that includes a game changing mobile biometric authenticator.

Transmit Story

Transmit Security was founded in 2014 by Michael (“Mickey”) Boodaei and Rakesh K. Loonkar, the entrepreneurs and investors behind Trusteer (acquired by IBM), Imperva (IMPV), Palo Alto Networks (PANW), and many other market leading security technologies.

Beginning with the invention of the industry’s first cross-channel identity orchestration platform, Transmit Security has engaged and been quickly adopted at scale by some of the largest global financial institutions. Organizations such as CitiBank, UBS, and MassMutual are transforming their entire identity infrastructure based on the FlexID orchestration platform. In recent years the company has expanded its reach to new segments with significant customer deployments in retail and healthcare.

In early 2021, Transmit Security led the way again with the introduction of BindID, the first passwordless authenticator that doesn’t require a user to download an app or install anything on their device.

This game-changing technology is already in use across a diverse range of sectors including, financial services, online retail, healthcare, and insurance.

In June 2021, Transmit Security secured $543M in a record-breaking funding round bringing the company’s pre-money valuation to $2.3 billion and marking the largest Series A funding round in cybersecurity history and one of the highest valuations for a bootstrapped company. The investment was led by Insight Partners and General Atlantic, with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures.

Identity and access management continue to evolve and become more complex every day. Transmit Security is committed to continue making it simpler to manage, maximizing functionality, and provide the best identity experience to millions of users worldwide.

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