What is Veridify Security?
Founded in 2004, Veridify Security is at the forefront of developing and licensing quantum-resistant, public-key security tools tailored for the resource-constrained processors that power the Internet of Things (IoT). The company's innovative authentication and data protection solutions offer superior efficiency compared to established techniques like ECC and RSA. Veridify Security's offerings are designed for ultra-low-energy consumption, rapid performance, and minimal footprint, making them ideal for a wide array of embedded systems, including 32-bit, 16-bit, and even 8-bit devices such as ARM Cortex M0/M3 and RISC-V processors. Their security solutions are integral to applications involving wireless sensors, NFC, Bluetooth, and RFID tags, as well as embedded platforms like FPGAs, microcontrollers, and ASICs. The company provides comprehensive Software Development Kits, RTL, and tools compatible with diverse development environments.
How much funding has Veridify Security raised?
Veridify Security has raised a total of $6.7M across 3 funding rounds:
Private Equity
$3.8M
Debt
$2.8M
Debt
$150K
Private Equity (2013): $3.8M, investors not publicly disclosed
Debt (2016): $2.8M, investors not publicly disclosed
Debt (2020): $150K supported by PPP
Key Investors in Veridify Security
PPP
Public-Private Partnership
What's next for Veridify Security?
The recent major strategic investment in Veridify Security signals a pivotal growth phase for the company. This capital infusion is expected to accelerate the development and deployment of its quantum-resistant security technologies across the rapidly expanding IoT landscape. The company's focus on ultra-low-energy and efficient solutions positions it to capture significant market share, particularly in embedded systems where traditional security measures are often too resource-intensive. Veridify Security's strategic backing will likely fuel further innovation, expand its market reach, and solidify its role as a key provider of next-generation security for connected devices.
See full Veridify Security company page
