Identity verification startup 1Kosmos raises $57 million in Series B round
Photo for representational purpose.
Credit: iStock photo
Bengaluru: 1Kosmos, the leader in unifying identity proofing and password-less authentication, on Tuesday said it has raised $57 million in Series B funding, including a $10 million line of credit from Bridge Bank.
The round was led by Forgepoint Capital, and Origami’s Oquirrh Ventures with participation by Craig Abod, Founder and President of Carahsoft, NextEra Energy Ventures, Gula Tech Adventures, and the 1Kosmos management team.
This brings the company’s total funding to more than $72 million, including a prior $15 million Series A round.
The new capital will enable 1Kosmos to meet the escalating demand for identity-first security from enterprises amid rising impersonation threats. Recent high-profile attacks, such as Scattered Spider and North Korean “shadow IT employees,” demonstrate how social engineering and fake credentials are exploiting account recovery—especially through IT service desks—exposing a critical weakness in many organizations' identity defenses.
1Kosmos stops these threats with live biometrics, verified identity, and phishing-resistant, passwordless authentication—preventing compromise before it starts, according to a statement.
“Identity has become the first step in the kill chain. This investment allows us to strengthen the proactive controls organizations need to prevent impersonation-based attacks—whether it’s a sophisticated hacking group or a state-sponsored developer hiding in plain sight,” said Hemen Vimadalal, CEO of 1Kosmos.
1Kosmos will use the funds to advance product innovation, accelerate global expansion by scaling direct and channel sales across North America, EMEA, and APAC, and deepen technology integrations with leading IAM, CIAM, PAM, and zero trust platforms.
“The mission at 1Kosmos since its inception has stayed remarkably focused on providing individuals with a secure digital identity, one they control and use to prevent identity fraud when accessing digital services,” said Ernie Bio, Managing Director of Forgepoint Capital.
“As the largest investor in the company, we are proud of their track record of innovation and delighted to see their accelerating growth,” he said.
1Kosmos is advancing the future of identity verification and passwordless authentication with the power of AI, the statement added.