Biometric authentication provider IronVest this week has emerged from stealth mode with $23 million in seed funding.
The investment round was led by Accomplice, with participation from Joule Ventures, OurCrowd, Trust Ventures, Ulysses, and several angel investors.
Founded in December 2021, the New York-based company provides a biometric security and privacy application for protecting digital accounts across banking, email, investing, and healthcare services.
IronVest says its solution takes a decentralized approach to personal data security that relies on biometric fraud prevention technology for providing access to sensitive accounts and data.
The IronVest application also offers masked email addresses, as well as virtual phone numbers and virtual credit cards, to better protect users’ identities online.
The company plans to use the new investment to expand its employee base and to accelerate its go-to-market efforts.
“Building a security and privacy-first infrastructure that leverages decentralized biometric authentication and anonymized PII to combat rising cyberattacks and digital threats while actually reducing friction and improving the user experience for users is at the core of our mission,” IronVest co-founder and CEO Avi Turgeman said.