Transmit Security

Overview
News
Identity & Access Management?
Product stageSegments
Expansion
?
End-to-end customer IAM
?

Transmit Security offers a unified platform that combines identity security and fraud prevention capabilities. The company's Mosaic platform integrates fraud prevention, identity verification, and customer identity management services. Its solutions include Identity Orchestration, Detection and Response, Authentication Services, Identity Verification, and Data Validation. The platform provides cloud-native CIAM services to address fragmented identity systems and cybersecurity challenges. The Authentication Services offer passwordless options including biometrics, passkeys, and SMS OTPs, while the Detection and Response service analyzes hundreds of signals in real-time to protect customer accounts. The platform's Identity Verification component uses AI-powered automation for document inspection and biometric matching. As of July 2024, Transmit Security reported first-half revenue growth of 40% year-over-year and grew its customer base by 51%, surpassing USD 100 million in annual recurring revenue. The company's platform supports more than USD 2 trillion in annual commerce and operates with a resilient architecture across multiple cloud providers including Google Cloud Platform, AWS, and Microsoft Azure.

Key customers and partnerships

Transmit Security's customer base includes major financial institutions and enterprises such as Citibank, UBS, MassMutual, Goldman Sachs, BRED Banque Populaire, America's Car-Mart, Lowe's, Santander, HSBC, Aflac, KeyBank, LendingTree, and Allegiant. The company serves customers across various sectors including financial services, online retail, healthcare, and insurance. The platform serves over 100 million customers globally. As a FIDO Alliance Board member, the company contributes to the development of open standards for authentication.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
500 Boylston Street Boston MA USA
Founded year:
2014
Employees:
251-500
IPO status:
Private
Total funding:
USD 583.0 mn
Last Funding:
USD 543.0 mn (Series A; Jun 2021)
Last valuation:
USD 2.8 bn (Jun 2021)
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