- Axiad Holdings, Inc., a Santa Clara, Calif.-based provider of a cloud passwordless authentication platform, raised $20m in its first outside financing
- Invictus Growth Partners made the investment
- Invictus Co-founders and Managing Partners, John DeLoche and William Nettles, will join Axiad’s board
- The company also intends to use the fudns to accelerate sales, marketing and development of its multi-factor authentication platform
- Axiad provides a multi-factor authentication platform which protects more than 2.5 million enterprise credentials for hundreds of global customers
- It enables a secure passwordless experience for any authentication method adopted within the enterprise, including biometrics, PKI, Mobile MFA, YubiKeys, TPM, smart cards, and others
