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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.

User number 1 - in 5 years this will hopefully mean something


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