0pass Graduates from Y Combinator with Funding Led by Initialized Capital
0pass Graduates from Y Combinator with Funding Led by Initialized Capital
0pass Graduates from Y Combinator with Funding Led by Initialized Capital
Jun 27, 2023
We are excited to share the news of a $3.5 million seed round led by Brett Gibson at Initialized Capital with participation from Y Combinator, Box Group, 645 Ventures, the CEO of AngelList, and others. This funding round follows our graduation from Y Combinator’s Winter 2023 cohort.
With 0pass, organizations can completely stop attackers from using stolen credentials and phishing to get access to internal systems. Instead of using a username and password with weak MFA, employees can log in to every company system and website with TouchID, FaceID, and Yubikeys.
According to Verizon’s 2022 Data Breach Investigation Report, the use of stolen credentials accounts for over 80% of breaches. By definition, this is the #1 source of breaches. Common MFA methods like 6-digit codes or app-based solutions on phones are vulnerable to simple theft, in the same way as a password. When an organization only uses biometrics or security keys there is no password to steal; with internal systems configured to no longer support passwords, the front door is effectively sealed off from all remote attackers.
“The only real solution to the problem of stolen credentials is for enterprises to use phishing-resistant authentication methods like Windows Hello, Apple Face ID and Touch ID, or security keys,” says Noah Stanford, CEO at 0pass. “While those are great, there is no “one platform” to consolidate these systems in a way that a corporate security or IT team can manage at scale. 0pass allows you to orchestrate enrollment and authentication of biometrics and security keys at scale, integrating across your entire business.”
Before starting 0pass, Noah Stanford led Identity and Authentication at SpaceX. “My job was to add world-class authentication across the company,” says Noah Stanford, CEO at 0pass. “I realized we could completely replace passwords and weak two-factor with phishing-resistant systems like biometrics and security keys. The catch was, we would have to build it ourselves - so that’s what we did.”
After heading up cybersecurity for AWS Cognito, Noah realized that the problem he had spent years solving at SpaceX was one that other organizations would be struggling with as well. He successfully pitched Y Combinator on the idea, and with cofounder Michael Melone, went through Y Combinator’s Winter 2023 cohort, bringing 0pass to life.
"Noah and the team at 0pass have strong evidence that a password-less future is not only possible, but also necessary for the security of our increasingly digitized world," says Brett Gibson, Managing Partner at Initialized Capital. "The experience of this team and the success of their current products made this investment a clear choice."
With the funding announcement, we are also announcing the public availability of our first products, Warden and Citadel. Warden allows cybersecurity teams to roll out YubiKey-based authentication and access for Mac, Windows, and Linux workstations along with remote systems via SSH and RDP. Citadel integrates with leading identity providers to deliver phishing-resistant authentication to web apps using biometrics and YubiKeys.
For companies or governments wanting phishing-resistant logins, 0pass delivers a streamlined way to roll out and manage strong authentication across every part of the organization.
We are excited to share the news of a $3.5 million seed round led by Brett Gibson at Initialized Capital with participation from Y Combinator, Box Group, 645 Ventures, the CEO of AngelList, and others. This funding round follows our graduation from Y Combinator’s Winter 2023 cohort.
With 0pass, organizations can completely stop attackers from using stolen credentials and phishing to get access to internal systems. Instead of using a username and password with weak MFA, employees can log in to every company system and website with TouchID, FaceID, and Yubikeys.
According to Verizon’s 2022 Data Breach Investigation Report, the use of stolen credentials accounts for over 80% of breaches. By definition, this is the #1 source of breaches. Common MFA methods like 6-digit codes or app-based solutions on phones are vulnerable to simple theft, in the same way as a password. When an organization only uses biometrics or security keys there is no password to steal; with internal systems configured to no longer support passwords, the front door is effectively sealed off from all remote attackers.
“The only real solution to the problem of stolen credentials is for enterprises to use phishing-resistant authentication methods like Windows Hello, Apple Face ID and Touch ID, or security keys,” says Noah Stanford, CEO at 0pass. “While those are great, there is no “one platform” to consolidate these systems in a way that a corporate security or IT team can manage at scale. 0pass allows you to orchestrate enrollment and authentication of biometrics and security keys at scale, integrating across your entire business.”
Before starting 0pass, Noah Stanford led Identity and Authentication at SpaceX. “My job was to add world-class authentication across the company,” says Noah Stanford, CEO at 0pass. “I realized we could completely replace passwords and weak two-factor with phishing-resistant systems like biometrics and security keys. The catch was, we would have to build it ourselves - so that’s what we did.”
After heading up cybersecurity for AWS Cognito, Noah realized that the problem he had spent years solving at SpaceX was one that other organizations would be struggling with as well. He successfully pitched Y Combinator on the idea, and with cofounder Michael Melone, went through Y Combinator’s Winter 2023 cohort, bringing 0pass to life.
"Noah and the team at 0pass have strong evidence that a password-less future is not only possible, but also necessary for the security of our increasingly digitized world," says Brett Gibson, Managing Partner at Initialized Capital. "The experience of this team and the success of their current products made this investment a clear choice."
With the funding announcement, we are also announcing the public availability of our first products, Warden and Citadel. Warden allows cybersecurity teams to roll out YubiKey-based authentication and access for Mac, Windows, and Linux workstations along with remote systems via SSH and RDP. Citadel integrates with leading identity providers to deliver phishing-resistant authentication to web apps using biometrics and YubiKeys.
For companies or governments wanting phishing-resistant logins, 0pass delivers a streamlined way to roll out and manage strong authentication across every part of the organization.
We are excited to share the news of a $3.5 million seed round led by Brett Gibson at Initialized Capital with participation from Y Combinator, Box Group, 645 Ventures, the CEO of AngelList, and others. This funding round follows our graduation from Y Combinator’s Winter 2023 cohort.
With 0pass, organizations can completely stop attackers from using stolen credentials and phishing to get access to internal systems. Instead of using a username and password with weak MFA, employees can log in to every company system and website with TouchID, FaceID, and Yubikeys.
According to Verizon’s 2022 Data Breach Investigation Report, the use of stolen credentials accounts for over 80% of breaches. By definition, this is the #1 source of breaches. Common MFA methods like 6-digit codes or app-based solutions on phones are vulnerable to simple theft, in the same way as a password. When an organization only uses biometrics or security keys there is no password to steal; with internal systems configured to no longer support passwords, the front door is effectively sealed off from all remote attackers.
“The only real solution to the problem of stolen credentials is for enterprises to use phishing-resistant authentication methods like Windows Hello, Apple Face ID and Touch ID, or security keys,” says Noah Stanford, CEO at 0pass. “While those are great, there is no “one platform” to consolidate these systems in a way that a corporate security or IT team can manage at scale. 0pass allows you to orchestrate enrollment and authentication of biometrics and security keys at scale, integrating across your entire business.”
Before starting 0pass, Noah Stanford led Identity and Authentication at SpaceX. “My job was to add world-class authentication across the company,” says Noah Stanford, CEO at 0pass. “I realized we could completely replace passwords and weak two-factor with phishing-resistant systems like biometrics and security keys. The catch was, we would have to build it ourselves - so that’s what we did.”
After heading up cybersecurity for AWS Cognito, Noah realized that the problem he had spent years solving at SpaceX was one that other organizations would be struggling with as well. He successfully pitched Y Combinator on the idea, and with cofounder Michael Melone, went through Y Combinator’s Winter 2023 cohort, bringing 0pass to life.
"Noah and the team at 0pass have strong evidence that a password-less future is not only possible, but also necessary for the security of our increasingly digitized world," says Brett Gibson, Managing Partner at Initialized Capital. "The experience of this team and the success of their current products made this investment a clear choice."
With the funding announcement, we are also announcing the public availability of our first products, Warden and Citadel. Warden allows cybersecurity teams to roll out YubiKey-based authentication and access for Mac, Windows, and Linux workstations along with remote systems via SSH and RDP. Citadel integrates with leading identity providers to deliver phishing-resistant authentication to web apps using biometrics and YubiKeys.
For companies or governments wanting phishing-resistant logins, 0pass delivers a streamlined way to roll out and manage strong authentication across every part of the organization.
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