About Passage
Passage is a company based in Austin (United States) founded in 2019 was acquired by 1Password in November 2022. It operates as a SaaS (Software-as-a-Service). Passage has raised $4 million across 1 funding round from investors including 1Password, LiveOak and Next Coast Ventures. Passage offers products and services including Passkey Complete, Passkey Flex, and Passkey Ready. Passage operates in a competitive market with competitors including BitGo, Megvii, Yoti, LifeLock and HYPR, among others.
- Headquarter Austin, United States
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Passage Identity
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Products & Services of Passage
Passage offers a comprehensive portfolio of products and services, including Passkey Complete, Passkey Flex, and Passkey Ready. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A standalone passwordless authentication solution is provided.
Passkey logins alongside existing authentication are offered.
User compatibility with passkeys is assessed for free.
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Funding Insights of Passage
Passage has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Seed round of $4 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $4.0M
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First Round
First Round
(01 Feb 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2022 | Amount | Seed - Passage | Valuation | LiveOak Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Passage
Passage has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include 1Password, LiveOak and Next Coast Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are provided to Texas-based tech founders.
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Early-stage technology companies are invested in via thematic research.
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Seed-stage startups are funded by this venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Passage
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Passage
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Passage Comparisons
Competitors of Passage
Passage operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BitGo, Megvii, Yoti, LifeLock and HYPR, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Crypto-based custody, trading, and lending services are provided to institutions.
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Facial recognition and AI video analysis solutions are provided.
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Identity verification solutions are provided for multiple industries digitally.
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Identity theft is protected and prevented through cyber monitoring services.
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Passwordless multi-factor authentication and identity assurance solutions are provided.
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Digital identity solutions company providing facial biometrics and digital admission solutions
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Passage
Frequently Asked Questions about Passage
When was Passage founded?
Passage was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Passage located?
Passage is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Passage a funded company?
Passage is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Seed of $4M, raised on Feb 01, 2022.
What does Passage do?
Passage by 1Password is dedicated to delivering passwordless authentication solutions for various industries. Services are offered in sectors like fintech and ecommerce, with products such as Passkey Complete and Passkey Flex. Integration into existing tech stacks is facilitated, ensuring seamless and secure logins powered by passkeys. User experience is enhanced through biometric logins, and compliance with security standards is maintained with backing from 1Passwords expertise.
What products or services does Passage offer?
Passage offers Passkey Complete, Passkey Flex, and Passkey Ready.
Who are Passage's investors?
Passage has 5 investors. Key investors include 1Password, LiveOak, Next Coast Ventures, Tau Ventures, and Secure Octane Investments.
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