• 1Kosmos raised USD 57M in Series B funding, including USD 10M credit from Bridge Bank, led by Forgepoint Capital.
• The company aims to address rising impersonation threats using biometrics, verified identity, and passwordless authentication for enterprise security.
• Funds will support global expansion, new Middle East offices, and deeper integrations with identity and zero trust security platforms.

1Kosmos

What happened? US-based cybersecurity startup, 1Kosmos, raised USD 57 million in Series B funding. This includes a USD 10 million line of credit from Bridge Bank. The round was led by Forgepoint Capital, and Origami’s Oquirrh Ventures. It also included participation from Craig Abod, Founder and President of Carahsoft, NextEra Energy Ventures, and Gula Tech Adventures. 

The mission at 1Kosmos since its inception has stayed remarkably focused on providing individuals with a secure digital identity, one they control and use to prevent identity fraud when accessing digital services,” said Ernie Bio, Managing Director of Forgepoint Capital. “

Cybersecurity

What is next? With the newly acquired capital, 1Kosmos, aims to meet the demand for identity-first security from enterprises amid rising impersonation threats. It attempts to tackle these threats with live biometrics, verified identity, and phishing-resistant, passwordless authentication. 

“Identity has become the first step in the kill chain. This investment allows us to strengthen the proactive controls organizations need to prevent impersonation-based attacks.” said Hemen Vimadalal, CEO of 1Kosmos. 

Additionally, it aims to advance product innovation, and accelerate global expansion. This through scaling direct and channel sales across North America, Europe, the Middle East and Africa, and the Asia-Pacific region. Furthermore, this will include opening offices in the Middle East. It also seeks to  deepen technology integrations with IAM, CIAM, PAM, and zero trust platforms.

Who are they? 1Kosmos is a cybersecurity startup that enables remote identity verification and passwordless multi-factor authentication for workers, customers, and residents to securely engage with digital services. It aims to prevent identity impersonation, account takeover, and fraud.