Keyless Secures £1.6M to Expand Privacy-Preserving Biometric Authentication Solutions

Leading the Way in Secure Biometrics

Keyless, a pioneer in privacy-preserving biometric authentication, has raised £1.6 million in a follow-on funding round led by existing investors Rialto Ventures and Experian Ventures. This brings Keyless’ total funding to £8 million over the past 18 months. The new funding will support Keyless’ ambitious plans for expansion and innovation in 2025, building on a highly successful 2024.

Keyless’ Groundbreaking Biometric Technology

1. Privacy-Preserving Biometrics

Keyless leverages advanced facial biometrics to authenticate users without compromising privacy. The platform is designed to:

• Protect users from data breaches and identity theft.

• Simplify authentication processes for enterprises and end users.

2. Tackling Emerging Threats

Keyless is developing new solutions to address advanced injection attacks, including:

• Enhanced protection against deepfake-based fraud.

• New biometric features that push the boundaries of authentication technology.

2024: A Transformational Year

Milestones Achieved

• Customer Growth: Expanded into the UK, EU, North and South America.

• Sector Reach: Gained multinational customers in banking, fintech, crypto, and gaming.

• US Expansion: Strengthened its North American presence by hiring:

  • North American Sales and Technical Services Directors.

  • Industry experts Sarah Clark and Charles Walton, both former SVPs at MasterCard, as advisors.

Market Growth

The global biometric identity market for financial services is expected to grow at a CAGR of 41% over the next three years, reaching £30 billion globally. Keyless has positioned itself as a leader in this fast-growing sector.

Planned Use of Funding

Accelerating Growth

Keyless will use the new funding to:

• Expand further into North America.

• Onboard more customers across its key verticals.

• Invest in R&D to enhance its biometric authentication platform.

Driving Innovation

Keyless plans to:

• Introduce breakthrough features that set new standards in privacy-preserving biometrics.

• Announce exciting developments later in 2025.

Statements from Leadership

Andrea Carmignani, Co-Founder & CEO of Keyless

"2024 was a transformational year for both Keyless and the broader industry. The adoption of privacy-preserving biometrics is growing rapidly, reducing fraud and improving user experiences simultaneously. We’re excited to build on this momentum in 2025."

The Future of Privacy-Preserving Biometrics

Meeting Industry Challenges

As cyber threats evolve, Keyless remains at the forefront of secure authentication solutions, providing:

• Enhanced user protection.

• Scalable solutions for multinational enterprises.

Shaping the Market

Keyless is redefining biometric authentication with:

• Privacy-preserving solutions that address emerging fraud techniques.

• Technologies designed to keep pace with the booming biometrics market.