1Kosmos, a New Jersey-based cybersecurity startup, raised $57 million in a Series B funding round to enhance its identity verification solutions amid rising fraud and a push for passwordless authentication.

Information on the Target

1Kosmos is a cybersecurity startup headquartered in New Jersey, USA, focused on identity verification and passwordless authentication solutions. Recently, the company announced its successful completion of a $57 million Series B funding round, along with a $10 million credit line, which was finalized on August 12, 2025. This funding round was led by Forgepoint Capital and Origami’s Oquirrh Ventures, with additional contributions from notable investors such as Carahsoft founder Craig Abod, NextEra Energy Ventures, Gula Tech Adventures, and the 1Kosmos management team. With this latest round, the total funding raised by the company has reached approximately $72 million.

The capital raised will be directed towards enhancing product research and development, as well as bolstering market entry strategies. The management's goal is to enhance their identity and authentication platform while scaling direct and channel sales in North America, EMEA, and APAC. CEO Hemen Vimadalal has emphasized the increasing customer demand driven by a rise in fraud and AI-enabled impersonation attacks, underscoring that “identity has become the first step in the kill chain.” The newly acquired funds will enable 1Kosmos to fortify its proactive controls and expedite the deployment of its passwordless solutions.

Industry Overview in the Target’s Specific Country

The cybersecurity landscape in the United States continues to grow in complexity, driven by a significant rise in cyberattacks and evolving regulatory requirements. With businesses increasingly vulnerable to breaches and ide