Yubico

Overview
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Identity & Access Management?
Product stageSegments
Growth
?
Multi-factor authentication (MFA) solutions
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Yubico is a leading provider of hardware authentication security keys that offer a secure and user-friendly alternative to traditional password-based authentication. The company's flagship product, the YubiKey, is a small hardware device that generates one-time passwords or cryptographic keys for secure authentication across various online services and applications. YubiKeys supports multiple authentication protocols, including FIDO2/WebAuthn, FIDO U2F, one-time password (OTP), OpenPGP, and smart card/PIV.

YubiKeys requires users to physically insert or tap the device during the login process, providing an additional layer of security beyond just a username and password. This hardware-based approach mitigates the risk of phishing attacks, account takeovers, and other credential-based threats. YubiKeys require no client software or batteries, making them ready to use out of the box.

Key customers and partnerships

Yubico's notable customers and partners that have integrated support for YubiKeys include Google, Microsoft, Amazon, Dropbox, GitHub, Salesforce, and Coinbase.

The company has also forged partnerships with leading industry organizations, such as the FIDO Alliance, IDESG, OpenID, and W3C, contributing to the development of open authentication standards like FIDO2, WebAuthn, and FIDO Universal 2nd Factor (U2F).

Funding and financials

In September 2023, Yubico became a publicly traded company on the Nasdaq in Stockholm, under the ticker symbol YUBICO. As of 2022, the company reported revenue of approximately USD 151 million and a profit of USD 24.8 million.

HQ location:
5201 Great America Pkwy #122, Santa Clara, CA Santa Clara CA USA
Founded year:
2007
Employees:
251-500
IPO status:
Public
Total funding:
USD 292.2 mn
Last Funding:
USD 204.3 mn (Post IPO Equity; Oct 2023)
Last valuation:
USD 657.6 mn (Jul 2020)
Key competitors
 
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