Today, Passage has emerged from stealth mode and announced the availability of its public beta in addition to a $4 million in seed funding led by LiveOak Venture Partners with participation from investors including Next Coast Ventures, Tau Ventures, and Secure Octane. Passage employs a technology that removes passwords and offers two authentication factors - "something you are and something you have." It also "does not store any face, fingerprint, or other biometric data about users."
Passage's Co-founder and CEO, Cole Hecht stated:
Passage delivers an exceptional developer experience for a technology that's easier to use, more secure, and ultimately the future of authentication. There’s often a tradeoff between security and user experience, but Passage offers a unique combination of both with low implementation complexity. This financing will allow us to introduce Passage to more developers, and deliver more 'ah-ha' moments when people sign up for websites with Face ID, Touch ID, or Windows Hello for the first time.
The latest passwordless identity space takes a biometric-first and developer-first approach to passwordless authentication, allowing users to log in to web applications with Windows Hello, Touch ID, Face ID, and other inbuilt biometrics of their devices. It will allow developers to enable their users to register and log in to websites with their face or fingerprint with "a few lines of code."
According to Passage, biometrics deliver enhanced security and an efficient login experience for users compared with other types of user authentication. Biometrics also enable businesses to mitigate cart abandonment, user churn, and password-related support costs by offering quick login with no context switching.
Commenting on the latest resource, Creighton Hicks from LiveOak Venture Partners stated:
Passage is poised to change the fundamental way we interact with the Web. Imagine a world where you seamlessly signup, login, and checkout online – no matter which device you’re on, without having to remember or lookup your password. A world where password breaches simply don’t matter as they can’t be used on other sites and the biometric data itself never leaves your device. Passage, backed by the right team and technology, empowers developers to easily give this experience to their users, and make our world a little simpler and more secure.
Passage will be expanding the platform in the future to integrate support for further authentication methods, extensibility features, mobile support, and supplementary guides to aid developers. To become a part of its team, interested candidates can head over to the dedicated webpage to apply.