Transmit Security
| Company type | Private |
|---|---|
| Industry | Software, cybersecurity |
| Founded | 2014 |
| Founders | Rakesh Loonkar; Mickey Boodaei |
| Headquarters | Tel Aviv, Israel Boston, Massachusetts, U.S. |
Area served | Worldwide |
| Products | BindID;[1] FlexID; WorkID[2] |
| Website | transmitsecurity.com |
Transmit Security is a private software and cybersecurity company based in Tel Aviv, Israel, and Boston, Massachusetts, United States. It was founded in 2014 by Mickey Boodaei and Rakesh Loonkar.[3] The company makes software that helps people log in to websites and apps in a safer way, often without using passwords.[4]
History
[change | change source]Transmit Security was founded in 2014 by Mickey Boodaei and Rakesh Loonkar. Before this, they also helped start the company Trusteer, which was later bought by IBM in 2013.[5]
In 2021, Transmit Security raised 543 million US dollars from investors in its first large funding round. News reports said this was one of the largest funding rounds for a cybersecurity company.[6][7] In the same year, the company joined the board of the FIDO Alliance, a group that works on secure login standards.[8]
Products
[change | change source]Transmit Security develops software for secure user login, password-free authentication, and identity management for workers. Its main product is called BindID, which uses biometrics, such as a phone or fingerprint, instead of passwords.[1][9]
Offices
[change | change source]The main office is in Tel Aviv. The North American office is in Boston, Massachusetts.[10]
References
[change | change source]- 1 2 "Transmit Security launches BindID to replace passwords with biometric authentication". VentureBeat. 25 February 2021. Archived from the original on 2022-01-17. Retrieved 2026-01-27.
- ↑ "New comer Transmit Security wants to simplify biometric authentication". TechCrunch. Retrieved 2026-01-27.
- ↑ "Cool Vendors in Identity and Access Management". Gartner. Retrieved 2026-01-27.
- ↑ "The start-ups trying to kill the password". Financial Times. 3 September 2021. Retrieved 2026-01-27.
- ↑ Shamah, David. "Opening new doors: Why IBM spent $1bn on security firm Trusteer". ZDNet. Retrieved 2026-01-27.
- ↑ Shrivastava, Rashi. "Transmit Security Raises $543 Million, The Largest Series A Funding Round In Cybersecurity History". Forbes. Retrieved 2026-01-27.
- ↑ "Transmit Security raises $543M Series A to kill off the password". TechCrunch. Retrieved 2026-01-27.
- ↑ "FIDO Leadership". FIDO Alliance. Retrieved 2026-01-27.
- ↑ דור, אופיר (2021-06-22). "אחרי 7 שנים ללא מימון, מיקי בודאי מקבל את אחת ההשקעות הגדולות". Globes. Retrieved 2026-01-27.
- ↑ "Massachusetts tech unicorns: Transmit Security raises $543M, hits $1B valuation". Boston Business Journal. Retrieved 2026-01-27.
