Transmit Security joined the Unicorn Club on June 22, 2021, after raising a $543 million Series A funding round led by Insight Partners and General Atlantic, valuing it at $2.2 billion. Headquartered in Boston, United States, Transmit Security provides advanced customer identity and access management (CIAM) solutions that merge security, fraud prevention, and identity verification under one unified platform.
The company’s technology enables businesses to protect customers from identity fraud across all digital and physical channels. Its solutions support biometric authentication, including facial, eye, voice, and fingerprint recognition, as well as multi-factor authentication methods such as OTPs, notifications, and pattern drawing. Transmit Security’s goal is to create a password less, seamless, and secure user experience across devices.
Keep reading to learn how Transmit Security became one of the highest-funded identity security startups in history.
What Is Transmit Security and What Does It Do?
Founded in 2014, Transmit Security delivers an identity management platform designed to eliminate the need for passwords and reduce authentication friction. Its products provide a unified environment for customer identity management, fraud prevention, and document verification.
The platform can detect advanced account fraud, scan government-issued IDs for authenticity, and deliver a range of biometric authentication options. By combining identity intelligence with robust security architecture, Transmit Security enables enterprises to enhance the customer experience while preventing fraud.
How Much Funding Has Transmit Security Raised?
1. Series A Round
- Amount Raised: $543 million
- Date: June 22, 2021
- Valuation: ~$2.2 billion
- Lead Investors: Insight Partners, General Atlantic
- Purpose: Expand global presence, accelerate product innovation, and scale password less authentication adoption
2. Earlier Rounds (Pre-Series A)
- Cumulative Funding: N/A (Series A was the first major disclosed round)
- Key Investors: Geodesic Capital, Cyberstarts (participated in follow-on support and growth initiatives)
- Purpose: Build core infrastructure and deepen enterprise adoption of CIAM solutions
Total Funding Raised: ~$543 million
Latest Funding Date: June 22, 2021
Latest Known Valuation: ~$2.2 billion
Employee Count: 201–500 (as of July 17, 2025)
Key Investors
1. Insight Partners
- Details: Global private equity and venture capital firm investing in high-growth software companies.
- Focus Areas: Cybersecurity, enterprise software, SaaS platforms, and identity management.
2. General Atlantic
- Details: Growth equity firm supporting innovative companies across technology, financial services, and consumer sectors.
- Focus Areas: Digital security, data infrastructure, and financial technology.
3. Geodesic Capital
- Details: Venture capital firm focused on supporting U.S. technology companies expanding internationally.
- Focus Areas: Enterprise SaaS, cybersecurity, and AI-driven platforms.
4. Cyberstarts
- Details: Early-stage VC fund backing cybersecurity founders with deep technical backgrounds.
- Focus Areas: Identity management, threat detection, and authentication systems.
Where Is Transmit Security’s Headquarters?
Transmit Security is headquartered in Boston, Massachusetts, United States. The company operates globally, with regional offices supporting R&D, enterprise client success, and security engineering.
What’s Next for Transmit Security?
Transmit Security is focused on expanding its password less identity ecosystem, helping enterprises transition away from legacy authentication methods. The company aims to deepen integrations with financial institutions, improve biometric accuracy, and strengthen regulatory compliance for identity verification worldwide.
With increasing demand for secure digital onboarding and authentication, Transmit Security is positioned as a leader in the future of customer identity protection.
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