1Kosmos successfully raised $57 million in Series B funding, aiming to enhance its identity verification platform and expand into new global markets.

Target Information

1Kosmos is a New Jersey-based cybersecurity startup focused on identity verification and passwordless authentication technologies. Recently, the company announced a successful $57 million Series B funding round, supplemented by an additional $10 million credit line, bringing its total funding to approximately $72 million. The investment aims to enhance its identity and authentication platform while expanding its reach across North America, EMEA, and the Asia-Pacific regions.

The platform developed by 1Kosmos integrates identity proofing with passwordless multi-factor authentication, effectively replacing traditional passwords and 2FA with secure device-based methods. This innovation is designed to thwart account takeovers and impersonation, addressing the escalating challenges posed by fraud and cyberattacks.

Industry Overview in the Target’s Country

The global demand for advanced cybersecurity solutions is growing rapidly, driven by increasing incidents of identity theft and cybersecurity breaches. In the US, the need for reinforced identity security measures is underscored by escalating cyber threat