Keyless

Keyless

Privacy-preserving biometric authentication and identity security platform.

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$2.0m

Growth Equity VC
Total Funding000k
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Keyless Technologies is a London-headquartered cybersecurity company specializing in privacy-preserving biometric authentication solutions for the workforce and consumers. Founded in 2018 by Andrea Carmignani, Fabian Eberle, Paolo Gasti, Giuseppe Ateniese, and Lucio De Costanzo, the company developed a platform to combat identity fraud and credential-based attacks. The founders combined expertise in cybersecurity, privacy, and cryptography, with backgrounds including management consulting at McKinsey, research at institutions like the University of California, and academic leadership in computer science.

The company's core offering is its Zero-Knowledge Biometrics™ technology, a platform that provides passwordless, multi-factor authentication using facial recognition. This patented system is designed to verify a user's identity in under 300 milliseconds with a glance at a device's camera. A key differentiator is that it does not store biometric data anywhere, either on the device or in the cloud. Instead, it uses secure multi-party computation to split encrypted authentication data across a distributed network, which enhances privacy and security. This design helps clients comply with regulations like GDPR and PSD2.

Keyless was acquired by Sift, a leader in Digital Trust & Safety, in November 2021 for an undisclosed amount to integrate its technology into Sift's Account Defense product. However, after recognizing that their products served different strategic markets, the two companies mutually agreed to separate, and Keyless emerged as an independent entity again in 2023. Following its spin-off, Keyless secured $6 million in a funding round led by Rialto Ventures, bringing its total funding to $26 million. Subsequent investments, including a $2 million round in early 2025 led by Rialto Ventures and Experian Ventures, have supported its expansion, particularly in North America.

Keyless operates on a B2B model, serving sectors such as banking, financial services, fintech, healthcare, crypto, and gaming. Its solutions address the entire identity lifecycle, from initial user onboarding and login to high-risk actions, transaction signing, and account recovery. The platform can be deployed via the cloud, on-premise, or in a hybrid model and integrates with client systems through mobile and web SDKs. By eliminating costs associated with password resets, SMS OTPs, and fraud, Keyless provides a tangible return on investment for its clients.

Keywords: biometric authentication, passwordless, identity management, cybersecurity, facial recognition, zero-knowledge biometrics, multi-factor authentication, privacy-preserving, account takeover fraud, digital identity, fintech security, PSD2, GDPR compliance, secure multi-party computation, FIDO certified, identity verification, access management, deepfake detection, account recovery, enterprise security

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