InvestorWire NewsRoom

Press Release

Passwordless future: Secfense raises $2 million from Tera VC, Presto Ventures, RKKVC
March 24, 2022

Passwordless future: Secfense raises $2 million from Tera VC, Presto Ventures, RKKVC

KRAKÓW, Poland, March 24, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Secfense raised $2 million from Tera VC, Presto Ventures and RKKVC. The company mission is eradicating password-related attacks and helping organizations transition into a passwordless future. Secfense achieves that by introducing strong authentication within entire organizations and protecting all systems and apps without a single line of code. The money will be used to build a position on foreign markets, especially in the U.K. and U.S.

Experts from VC funds and business angels understand the importance of the cybersecurity industry today. This is why they see potential in the User Access Security Broker (UASB) technology developed by Secfense. The international syndicate included business angels, one of which is Mark Schuster from UiPath; Bartosz Dobrzyński, former P4 board member; and Elżbieta Kozera, who plays a big role in expanding Polish companies in the USA.

“There are plenty of multifactor authentication (MFA) solutions on the market, but so far no one has proposed a good way to introduce them to many applications and systems in a fast and easy way,” says Tomasz Kowalski, CEO of Secfense. “We did it. Investors have noticed our broker is a solution that addresses some of the biggest security concerns of large organizations. Secfense spreads an invisible protective layer across entire organizations and spreads MFA on top of all systems and applications. MFA is introduced quickly with zero integration costs and no burden to end-users.”

It was a priority for Secfense to seek investors who can offer not only capital but also knowledge, contacts and support in the strategy of entering new markets.

“One of the biggest challenges the world faces today is securing our identity online,” says Stanislav Ivanov, founding partner at Tera Ventures. “That’s why we were so keen to have Secfense in our portfolio. They make it possible to introduce MFA in an automated way. Until now, organizations had to selectively protect applications because the deployment of new technology was very hard or even impossible. With Secfense, the implementation of MFA is no longer a problem.”

The value of UASB has been appreciated by the cybersec experts of BNP Paribas bank. Among Secfense’s clients are also Findia Group, PKP Intercity and organizations from the government sector.

Wire Service Contact:
InvestorWire (IW)
Los Angeles, California
212.418.1217 Office
[email protected]

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).