Axiad is an advanced security solutions company focusing on identity management and authentication services. Established in 2010 and headquartered in Santa Clara, California, Axiad caters to enterprise, government, and financial organizations. Founded by Bassam Al-Khalidi and Yves Audebert, the company has strategically positioned itself in the cybersecurity industry as an enabler of the zero-trust enterprise model. Axiad has successfully raised $45 million in funding, with a notable $25 million investment from Invictus Growth Partners in 2024. The company's focus is on developing tools for passwordless authentication and multi-factor authentication systems, enhancing security measures across various platforms and industries.
July 2024: Axiad secured $25 million in funding from Invictus Growth Partners. This investment aims to enhance product development, increase hiring, expand sales and marketing efforts, and help achieve Federal Risk and Authorization Management Program (FedRAMP) Authority to Operate (ATO).
May 2024: Axiad discontinued the ability to issue Windows Hello for Business credentials from its Cloud/UCMS.
April 2024: Axiad participated in the 2024 RSA Conference, showcasing its developments in authentication technology, emphasizing passwordless and multi-factor authentication solutions to counter the growing sophistication of cyber threats.
January 2024: Axiad made predictions for authentication in 2024, indicating an expected increase in phishing attacks due to advancements in generative AI technologies.
| Attribute | Information |
|---|---|
| Founding Date | 2010 |
| Headquarters | Santa Clara, California |
| Founders | Bassam Al-Khalidi, Yves Audebert |
| Revenue | Not Publicly Disclosed |
| Profits | Not Publicly Disclosed |
| Key Investors | Invictus Growth Partners |
| Industry | Cybersecurity, Identity Management |
| Number of Employees | Not Publicly Available |
Axiad was established in 2010 by cybersecurity veterans Bassam Al-Khalidi and Yves Audebert, both of whom brought substantial experience in identity and access management solutions. The company was founded with the intention of addressing the complexities involved in managing mission-critical identity systems. Axiad quickly differentiated itself by providing a holistic, integrated approach to identity management, which was considered innovative at that time. Initially focused on developing solutions for enterprises, the company progressively expanded its clientele to include financial institutions and governmental bodies.
Axiad is recognized for its flagship platform, Axiad Cloud, which offers secured passwordless authentication solutions. The platform supports a wide range of credentials, including FIDO, mobile multifactor authentication (MFA), YubiKeys, and biometrics. Over the years, Axiad has garnered industry accolades, including winning a Gold Stevie Award, a Fortress Cybersecurity Award, and recognition in the Gartner Market Guide for User Authentication.
Axiad operates in the bustling cybersecurity industry, focusing on securing digital identities and interactions for organizations globally. The company's strategy centers around the provision of comprehensive identity management solutions tailored to enterprise and governmental needs.
In conclusion, Axiad stands out in the cybersecurity sector as a provider of innovative identity and access management solutions. With its progressive approach towards secure, passwordless authentication and multifactor verification systems, the company is poised for continued growth and influence. As cyber threats evolve in complexity and frequency, Axiad's advancements and strategic enhancements in its product lineup will likely maintain its significance within the industry. Axiad's continuous efforts to secure additional funding and improve its offerings illustrate a dynamic trajectory equipped to meet the modern challenges of enterprise security.