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StrongAuth Rebrands to StrongKey and Receives $10 Million in Funding
[October 09, 2018]

StrongAuth Rebrands to StrongKey and Receives $10 Million in Funding


CUPERTINO, Calif., Oct. 9, 2018 /PRNewswire/ -- StrongKey today announced significant momentum with new funding and corporate rebranding. StrongKey and StrongAuth (its parent company) have become one company and concluded a Series A round of funding of $10 million. The re-branding is an indication of the continued growth of the company and its motivation to redefine how businesses and government agencies protect their information by making breaches irrelevant.

StrongKey Logo (PRNewsfoto/StrongKey)

Click to Tweet: .@StrongAuth rebrands to @StrongKeyInc and receives $10 million in funding: https://tinyurl.com/yb4aclje #CyberSecurity #KeyManagement

On the strength of StrongKey CTO Arshad Noor's industry expertise in symmetric key management, encryption, tokenization, PKI and FIDO-based strong authentication, Systena America invested $10 million in Series A funding. StrongKey is using the investment to change the way businesses and government agencies protect sensitive information even with an attacker on the network.

  • Secure to the core: By securing data at its core—through the use of strong authentication, encryption an digital signatures— and supported by hardware-based key management, StrongKey's products ensure that data, no matter the format, remains encrypted and protected at the highest possible level, even if the network is breached. 
  • Goodbye passwords, hello control: With StrongKey, users retain exclusive control over their data. The company harnesses the power of the FIDO Alliance authentication protocol, which removes the burden, insecurity and annoyance of passwords.
  • Hardened solution for key protection: StrongKey products are deliberately physical, leveraging the strength and security that only physical hardware can offer.



Jake Kiser, CEO, StrongKey, said: "2018 has brought tremendous positive change for us. We have repositioned the company to take our message of enterprise key management infrastructure to both large and small organizations. StrongKey's solutions have the robustness that powers the mission-critical and revenue-generating applications for Fortune 50 companies, as well as the affordability that enables startups to comply with the most stringent security regulations."

Arshad Noor, founder and CTO, StrongKey, said: "We are driven by a passion to make the internet a safer place for all organizations. Identifying where all critical data is created and stored, determining who needs to have access to what types of data and then how to properly authenticate users are top priorities and challenges today. StrongKey's mission is to provide data security solutions that actually secure clients' data rather than providing temporary, trend-centric solutions that market well but never truly solve the problem. The changes we've made this year undergird that mission, which we are excited to share as we expand into new territories."


About StrongKey
StrongKey is a privately held company based in Silicon Valley, California. It is the leader in enterprise key management infrastructure, bringing new levels of capability and data security at a price point significantly lower than other solutions on the market. Providing products and services in symmetric key management, encryption, tokenization and PKI, StrongKey is focused on securing data in cloud computing, e-commerce, healthcare, finance and other sectors mandating protection of sensitive data. StrongKey's solutions are installed at customer sites around the world and are key components of mission-critical business operations.

PR contact:
Katrina Porter
Nadel Phelan, Inc.
831-440-2406
katrina.porter@nadelphelan.com

 

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SOURCE StrongKey


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