Funding for Averon

October 25th, 2017 by admin Leave a reply »

San Francisco-based company Averon recently secured $8.3 million in an Avalon Ventures-led Series A round of funding. The firm is a mobile authentication startup.

Direct Autonomous Authentication (DAA) mobile identity verification standard is the brainchild of Averon. It allows smartphone users seamlessly and securely interact with services and devices. The technology allows users to interact with devices like smart locks which involves no download of dedicated app.

“Averon leverages real-time mobile network signaling and the SIM/eSIM (eUICC) chips already found in the world’s seven billion smartphones, requiring no installation, no apps, and no user involvement whatsoever,” the company explained in an Oct. 24 media advisory. “Working seamlessly in the background, it is the easiest, fastest and most secure way to provide instant, frictionless authentication.”

Wendell Brown, Averion’s CEO mentioned that his company is the solution to large scale breaches in current time.

“As we see in the news every day, cybersecurity breaches continue to grow in size and frequency, and the world is in desperate need of the next generation of online identity authentication,” said Brown, in a statement. “Averon offers a uniquely superior solution that authenticates users while relying on zero personally identifiable data and requiring zero effort on the part of consumers – Averon is the new gold standard in cybersecurity, and we’re rapidly taking it to scale.”

Many cyber security startups are getting funded. The partial list can be mentioned as below who got funding in recent times –

KnowBe4 secured a $30 million Series B round of financing the company

Contrast Security mentioned that it had completed a Series C round worth $30 million

ShiftLeft’s secured $9.3 million

Attivo Networks secured  $21 million Series C round of funding

Duo Security raised $70 million

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AlertSec ACCESS checks for full disk encryption on PCs running Windows 7, 8, and 10 Home, Pro and Enterprise as well as Mac OS El Capitan and Sierra. AlertSec ACCESS will also verify that all smartphones running iOS and Android are encrypted before access is granted.

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