Averon, developer of Direct Autonomous Authentication (DAA), the first mobile identity verification standard that is both automated and ultra-safe, has announced today that it has closed $8. Series 3 million Financing round led by Avalon Ventures Funding will accelerate Averon’s roll-out strategy in its mission to secure mobile life across the digital world, including banking and e-commerce, fraud prevention, smart vehicles and homes, blockchain and IoT devices.
Developed in stealth for almost two years, Averon’s security solution, called Direct Autonomous Authentication (DAA), is now live on all Us. Oh, S Mobile Phone Network Averon leverages real-time mobile network signaling and SIM/eSIM (eUICC) chips that have already been found in 7 billion smartphones worldwide, requiring no installation, no apps, and no user involvement whatsoever. Working seamlessly in the background, this is the easiest, fastest and most secure way to provide instant, frictionless authentication.
“As we see every day in the news, cyber security breaches continue to grow in size and frequency, and the world is in desperate need of the next generation of online identity authentication,” said Wendell Brown, CEO and CEO of Averon. “Averon offers a uniquely superior solution that authenticates users while relying on zero personally identifiable data and requiring zero effort on the part of consumers-Averon is the new gold standard in cyber security, and we are fast moving it to scale. “That’s right.
“The Internet is a dangerous place for transactions because we lack an easy way to ensure the identity of the user,” said technology analyst Rob Enderle. “This results in an increase in data-security breaches and a growing identity theft crisis. Averon has created a unique and powerful solution to this problem, a new universal ID layer that fundamentally changes how authentication is approached. Using technology already in our existing mobile phones, the solution is transparent to the user and an effective personal identity authenticator. Called Direct Autonomous Authentication (DAA) technology, this tool uses real-time mobile network signaling and could turn the cybercrime tide by better protecting consumer accounts and data from bad players. Averon’s DAA has the potential to significantly reduce the exposure each of us has to the growing wave of cyber criminals. “That’s right.
Averon is led by business leaders, engineers and cyber security experts with backgrounds spanning MIT, Harvard Business School, Stanford, USC, Cornell, the NSA, Israel Defense Force, PayPal, Microsoft, and other leading universities and institutions. Averon shall be the creator and holder of the IP protected by 15 U Oh, S As well as international patents, Wendell Brown, an acclaimed computer scientist, entrepreneur and inventor best known for his innovations in telecommunications and mobile security, was founded.
“Averon’s world-class team is building the future of cyber security, and we look forward to seeing them realize their vision of online authenticity,” said Rich Levandov, partner at Avalon Ventures. “In today’s digital environment, building a reliable mobile ecosystem requires us to radically rethink security, and Averon is creating revolutionary technologies that can meet both today and tomorrow’s needs. “That’s right.
In conjunction with Averon’s Series A funding, Avalon Ventures partners Rich Levandov and Brady Borhmann will join the board of directors of the company alongside distinguished Averon executives and co-founders Wendell Brown and Lea Tarnowski.
Averon About
Averon is the developer of Direct Autonomous Authentication (DAA), the first fully automatic and ultra-safe mobile identity verification standard. Averon’s DAA solution confirms user identity by leveraging real-time mobile network signaling and SIM/eSIM chips already included in mobile phones. DAA operates seamlessly in the background, requires no installations and no consumer involvement whatsoever, and does not rely on any personally identifiable data. Averon solves the problem of user identity and verification across the digital world, from banking and e-commerce, fraud prevention through ticketing and bot trade, and can also be used to authenticate IoT devices, including connected locks on homes and vehicles. Live on all of U Oh, S Wireless service providers, Averon makes it easy to “Be authentic” “That’s right.
Avalon Ventures
Avalon Ventures has founded and/or financed more than 120 information technology and life science companies. Avalon is passionate about supporting talented entrepreneurs looking to build market-leading companies. Throughout its 32-year term, Avalon’s long-standing and successful focus has been on seed and early-stage companies. All Avalon partners are seasoned entrepreneurs with experience in the training, operations and value creation of companies in the technology and life sciences sectors. The current Avalon Fund, launched in 2015, continues the company’s tradition of pursuing disruptive ideas in ever-changing markets.
Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/Averon/venture-funding.php. As Investocracy aims to bring global startup news and updates in both English and Japanese to you, it’s important that we attribute original source to you. If you have any questions/concerns please write to us at contact@investocracy.co
