Futurae Raises CHF 2 Mio to Expand its AI-Powered Two-Step Authentication Solutionby Fintechnews Switzerland September 26, 2018
The Swiss-based cybersecurity startup Futurae Technologies founded by ETH Zurich security researchers and known for its artificial intelligence-powered, two-factor authentication suite, will be gunning for a market expansion now that they have closed a CHF 2 million financing round, led by AXA Venture Partners and DIventures, with participation from Zürcher Kantonalbank and Stefan Muehlemann, founder and CEO of Loanboox.
Futurae is primarily known for its ‘Zero-Touch’ product, which offers two-factor authentication without the need for user interaction, instead uses a machine learning algorithm to authenticate the user via ambient noise, ultra-sound and context information.
The company also offers complements to their leading product, like multi-factor authentication methods, transaction signing and IoT authentication in what the company strives towards becoming uncomplicated and secure.
Sandra Tobler, CEO of Futurae says “We see companies striving to continuously meet customers’ expectations, offer more personalized services, and improve the customer experience. IT security should not be a stumbling block but rather integrate seamlessly into the digital user journey.”
Futurae is currently working with major players in the identity and access management domain within the financial and insurance industry, as well as with fast-growing startups.