About Transmit Security
Transmit Security is a company based in Boston (United States) founded in 2014 by Rakesh Loonkar and Mickey Boodaei.. Transmit Security has raised $543 million across 1 funding round from investors including Goldman Sachs, General Atlantic and Insight Partners. Transmit Security offers products and services including Mosaic Platform, Fraud Prevention, Identity Verification, and Authentication. Transmit Security operates in a competitive market with competitors including Signifyd, Onfido, IDnow, Riskified and Socure, among others.
- Headquarter Boston, United States
- Founders Rakesh Loonkar, Mickey Boodaei
- Stage Unicorn
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Sectors
TechnologyFinancial 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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- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$5.32 K (USD)0as on Mar 31, 2016
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Net Profit
$-79.52 K (USD)0as on Mar 31, 2016
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EBITDA
$-79.57 K (USD)0as on Mar 31, 2016
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Total Equity Funding
$543 M (USD)
in 1 rounds
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Latest Funding Round
$543 M (USD), Series A
Jun 22, 2021
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Investors
Goldman Sachs
& 8 more
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Employee Count
Employee Count
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Products & Services of Transmit Security
Transmit Security offers a comprehensive portfolio of products and services, including Mosaic Platform, Fraud Prevention, Identity Verification, and Authentication. 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.
Unified platform for fraud prevention and identity services.
AI-driven detection and prevention of fraud threats.
Accurate verification using AI and biometric tools.
Secure access and passwordless solutions for users.
Unlock access to complete
Funding Insights of Transmit Security
Transmit Security has successfully raised a total of $543M through 1 strategic funding round. The most recent funding activity was a Series A round of $543 million completed in June 2021. 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 Series A — $543.0M
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First Round
First Round
(22 Jun 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series A - Transmit Security | Valuation | Insight Partners , General Atlantic |
| 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 Transmit Security
Transmit Security has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Goldman Sachs, General Atlantic and Insight Partners. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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Venture capital funding is provided to tech startups by Cyberstarts.
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Transmit Security
| 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 - Transmit Security
| 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 |
Transmit Security Comparisons
Competitors of Transmit Security
Transmit Security 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 Signifyd, Onfido, IDnow, Riskified and Socure, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of fraud prevention and payment validation for online retailers
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| domain | founded_year | HQ Location |
Identity verification solutions are provided, including document and biometric authentication.
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| domain | founded_year | HQ Location |
Automated and expert-led identity verification services are provided.
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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| domain | founded_year | HQ Location |
AI-based identity verification and fraud detection are provided.
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| domain | founded_year | HQ Location |
Identity decisioning platform is provided for banks and fintech firms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Transmit Security
Frequently Asked Questions about Transmit Security
When was Transmit Security founded?
Transmit Security was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Where is Transmit Security located?
Transmit Security is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Transmit Security?
Mickey Boodaei is the current CEO of Transmit Security. They have also founded this company.
Is Transmit Security a funded company?
Transmit Security is a funded company, having raised a total of $543M across 1 funding round to date. The company's 1st funding round was a Series A of $543M, raised on Jun 22, 2021.
What is the annual revenue of Transmit Security?
Annual revenue of Transmit Security is $5.32K as on Mar 31, 2016.
What does Transmit Security do?
Transmit Security was founded in 2014 and is headquartered in Boston, United States. Operations focus on the cybersecurity sector, where unified platforms for customer identity management, fraud detection, and identity verification are developed. Services include scanning and validating government documents, biometric authentication via face, eye, voice, fingerprint, OTP, notifications, and patterns. Protection against fraud is extended across channels and devices.
Who are the top competitors of Transmit Security?
What products or services does Transmit Security offer?
Transmit Security offers Mosaic Platform, Fraud Prevention, Identity Verification, and Authentication.
Who are Transmit Security's investors?
Transmit Security has 9 investors. Key investors include Goldman Sachs, General Atlantic, Insight Partners, Cyberstarts, and SYN Ventures.
What is Transmit Security's valuation?
The valuation of Transmit Security is $2.2B as of Jun 2021.
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