Keyless secures $2.2m in seed funding led by P101 SGR to expand its team and rollout strategy
The funding round was led by P101 SGR with participation from Maire Investments, LUISS Alumni 4 Growth, and Primomiglio SGR.
Keyless provides privacy-preserving biometric authentication solutions that protect organisations against fraud and identity theft without storing personal biometric data. The company serves financial institutions, governments, and enterprises globally.
Keyless has closed a $2.2m funding round led by P101 SGR to support its growth and product rollout. The financing saw participation from Maire Investments, LUISS Alumni 4 Growth, and Primomiglio SGR, building on earlier backing from investors including Xpring. The capital will be directed towards team expansion, executing go-to-market plans for the Keyless Authenticator app, and advancing the company's biometric authentication suite.
The raise follows a recent pre-seed round last year and brings the total funds raised by Keyless to $6.2m, which includes government-backed startup loans. The company's technology arrives amid a documented increase in enterprise mobile phishing attacks, offering businesses a zero-trust alternative to conventional passwords.
From the founder
"We cannot underestimate the security risks of remote working – without a solution that combines a zero-trust framework with biometric multi-factor authentication, corporate systems and databases are at risk of being compromised in large-scale, sophisticated hacking and phishing attacks,"
Andrea Carmignani
co-founder and CEO at Keyless
Investor perspective
"The cybersecurity space is constantly playing catchup to bad actors, but Keyless’ offering is sophisticated enough to put a stop to all breaches caused by compromised or weak credentials. Enterprises can finally adopt zero-trust security, eliminate passwords, ensure privacy compliance and deliver a unified authentication experience across every digital touchpoint,"
Giuseppe Donvito
Partner, P101
Use of funds
- 01Grow the team
- 02Accelerate go-to-market
- 03Continue product development
