Cybersecurity enterprise 1Kosmos raises $57 million in Series B funding, earmarking funds for marketing efforts, research, development, and recruitment, with an aim to bolster AI capabilities and global growth.
1Kosmos Secures $57 Million in Series B Funding for Global Expansion and AI-Driven Identity Security
1Kosmos, a cybersecurity startup headquartered in Somerset, New Jersey, has raised $57 million in a Series B funding round. The investment, led by Forgepoint Capital and Origami's Oquirrh Ventures, will propel the company's global expansion and advancements in AI-powered identity security capabilities [1][2][3][4][5].
Expansion Plans and Focus Regions
The funding will facilitate 1Kosmos's growth across various regions, including North America, Europe, the Middle East, Africa (EMEA), Asia-Pacific (APAC), and beyond. The company aims to deepen integrations with major Identity and Access Management (IAM), Customer Identity and Access Management (CIAM), Privileged Access Management (PAM), and zero-trust security platforms to drive global market expansion [3][4].
AI Capabilities
1Kosmos is adopting an AI-first approach to combat identity fraud. The company is focusing on advanced biometric authentication, behavioural analysis, and decentralised identity architectures. Product development includes enhancing AI-driven authentication models, live biometrics, phishing-resistant passwordless authentication, and multi-cloud resilience to support robust identity verification services [1][5].
Notable achievements include FedRAMP High authorization, NIST 800-63-3 certification, and high marks in Presentation Attack Detection (PAD 2) certification, which underscore the strength of 1Kosmos's AI and biometric security [2].
Funding Details
The Series B funding round included a $10 million line of credit from Bridge Bank. 1Kosmos serves major enterprises such as banks, telecom providers, healthcare organizations, and retailers worldwide, performing millions of authentications daily [1][4].
Additional Details
The funding round also saw participation from Gula Tech Adventures, NextEra Energy Ventures, the 1Kosmos management team, and Craig Abod, founder and president of Carahsoft. The company's platform combines identity proofing, credential verification, and strong authentication [1][4].
1Kosmos was founded in 2018 by Hemen Vimadalal and Rohan Pinto. The company has reported tripling its business year on year for the past two years [2][5]. The latest funding round is expected to support both technology innovation and a wider global footprint, with expansion into the Middle East planned, with India expected to be a major focus area.
In summary, the $57 million Series B funding is fueling 1Kosmos’s global expansion primarily across North America, EMEA, and APAC, while accelerating development of AI-powered biometric and passwordless identity verification technologies designed to prevent fraud and enhance cybersecurity [1][3][5].
- The Series B funding of $57 million earned by 1Kosmos, a cybersecurity startup headquartered in Somerset, New Jersey, will be used to spur global expansion, particularly in regions like North America, Europe, the Middle East, Africa, Asia-Pacific, and beyond.
- To deepen integrations with various platforms and drive global market expansion, 1Kosmos aims to strengthen connections with major Identity and Access Management (IAM), Customer Identity and Access Management (CIAM), Privileged Access Management (PAM), and zero-trust security platforms.
- To combat identity fraud, 1Kosmos is focusing on adopting an AI-first approach, emphasizing advanced biometric authentication, behavioral analysis, and decentralized identity architectures in its product development.
- Notable achievements for 1Kosmos include FedRAMP High authorization, NIST 800-63-3 certification, and high marks in Presentation Attack Detection (PAD 2) certification, which highlight the effectiveness of the startup's AI and biometric security.
- The fundraising round included participation from multiple investors like Forgepoint Capital, Origami's Oquirrh Ventures, Gula Tech Adventures, NextEra Energy Ventures, the 1Kosmos management team, and Craig Abod, founder and president of Carahsoft, in addition to a $10 million line of credit from Bridge Bank.
