August 29, 2024 at 08:06AM
European cybersecurity startup Uniqkey has secured €5.35 million in a funding round led by Swedish VC BackingMinds, bringing its total funding to €15.35 million. Founded in 2017, the Danish-based company specializes in secure employee access to resources using encryption and aims to scale its technology to support more organizations, particularly small-to-medium-sized businesses.
Key takeaways from the meeting notes:
– Uniqkey, a European cybersecurity startup, has raised €5.35 million in a new funding round led by Swedish VC BackingMinds, bringing the total raised to €15.35 million.
– The company was founded in 2017 and is based in Copenhagen, Denmark, with a focus on simplifying and securing employee access to resources using state-of-the-art encryption technology.
– Uniqkey’s password and access management solution requires employees to use a mobile application for logging into enterprise systems, with encrypted passwords.
– The company promises a consistent login experience across mobile, desktop, and cloud services, continuous authentication, and credential autofill.
– Uniqkey’s solution also supports multi-factor authentication, password sharing within the organization, access control, cybersecurity education for employees, and monitoring of employees’ access to logins and assets.
– With 50 employees, Uniqkey serves over 500 organizations across Europe and plans to use the new funding to scale its technology to support more small-to-medium-sized businesses.
– Uniqkey CEO Hakan Yagci mentioned the company’s growth of 100% YoY over the past two years and expressed a commitment to investing in continued growth and maintaining safety standards.
This summary captures the essential details of the meeting notes and highlights the key points for further discussion or action.