AXSionics
closedEnables secure mutual authentication of identities and verification of transactions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
$9.8m | Series A | ||
| Total Funding | 000k | ||
AXSionics AG, a firm operating in the digital identity and access management sector, was established in 2017. The company is headquartered in Zug, Switzerland, a location known for its burgeoning technology scene. It was founded by a team with deep roots in security and technology, including CEO Martin Hunn and Chairman of the Board of Directors, Prof. Dr. René Hüsler. Hunn brings extensive experience from his time at Kaba, a security and access solutions company, while Prof. Dr. Hüsler contributes a strong academic and practical background in IT and business informatics.
The core of AXSionics' offering revolves around passwordless authentication solutions designed for both corporate and private clients. The company targets the increasing need for secure yet user-friendly access to digital services, a challenge amplified by the proliferation of online accounts and the inherent weaknesses of traditional password-based systems. Its business model centers on providing these security solutions to entities like banks, insurance companies, and authorities that require robust identity verification for their users.
AXSionics has developed a product ecosystem that includes several components for comprehensive identity management. These products, such as the AXSionics Identity Service, the Mobile ID App, and the Hardware Security Module (HSM), work together to secure digital identities. A key feature of their system is the decentralized storage of identity data, which remains on the user's smartphone, enhancing privacy and user control. This approach allows for secure logins, digital signatures, and data encryption without relying on centralized servers to hold sensitive personal information, thereby mitigating risks associated with large-scale data breaches.
Keywords: digital identity, passwordless authentication, access management, cybersecurity, fintech, regtech, secure login, digital signature, identity verification, mobile ID, hardware security module, decentralized identity, user-centric security, Swiss security technology, authentication solutions, data privacy, financial services security