Token, a Rochester, NY-based provider of secure, wearable authentication solutions, raised $13 million in Series B funding.
The round was led by Grand Oaks Capital, the investment arm of philanthropist and Paychex founder, Tom Golisano.
The Company intends to use creating technology jobs, and helping grow the local technology ecosystem.
Company: Tokenize Inc.
Raised: $13.0 M
Round: Series B
Funding Month: June 2022
Lead Investors: Tom Golisano.
Additional Investors:
Company Website: https://www.tokenring.com/
Software Category: authentication and cybersecurity solutions
About the Company: Token Ring eliminates the friction and vulnerabilities of outdated authentication methods such as passwords and SMS passcodes while helping to prevent ransomware, data breaches, and data manipulation attacks. Its integrated fingerprint sensor means Token Ring will respond only to the authorized user, so no one else can use it. And because Token Ring authenticates with just a simple gesture by the person wearing it, users’ login Passwordless and never have to sign into their devices manually.
Source: https://www.biometricupdate.com/202206/token-raises-13m-and-appoints-ceo-scale-biometric-authentication-wearable-business