Password fail

COVID increased security risk worldwide; these startups are fighting back [AngelList Logo]( [View Online]( [COVID increased security risk worldwide; these startups are fighting back]( Photo by [Franck]( Cybersecurity grew into a [$1T problem]( during the pandemic as remote workers provided [ample new opportunities]( for attacks. Hacks and breaches [surged]( as digital pirates demanded [bigger “ransoms”]( from companies, [swindled local governments]( [hobbled hospital systems]( even hacked [cameras in Tesla factories](. Technicians troubleshooting from afar—and bypassing security protocols in the process—are also [to blame](. As a result, companies are [spending more than ever]( digital security, opening new avenues for security obsessed startups. With [two-thirds]( of Americans admitting to using the same password across multiple sites, companies are beefing up multi-factor authentication and attempting to [kill the password once and for all](. Google [recently announced]( two-step verification would become the default for most users. New York-based [Beyond Identity]( raised [$105M]( to replace passwords with a “chain of trust” using asymmetric key cryptography. Meanwhile, [Magic]( (they’re hiring) raised a $4M seed round to create “a world in which user identity and authentication is decentralized and [not subject to control by the tech giants,]( according to AngelList co-founder Naval Ravikant, who invested in the company. Similarly, [HYPR]( (they’re hiring) raised $66M since 2014 to advance passwordless authentication. New York-based [Twosense]( raised [$2M]( to develop software that confirms your identity by observing how you type, move a mouse, interact with a touch screen, walk and hold a device. [LoginId]( (they’re hiring) raised [$6M]( to advance biometric authentication, as [Keyless]( works toward a world in which there’s “nothing to remember, nothing to store.” Meanwhile, Europe-based SingleID is using “zero-knowledge distributed authentication” to deliver single-click checkouts to consumers. [AuthO]( (they’re hiring) raised over $360M since 2014 and claimed to safeguard billions of transactions a month. New York-based [Alloy]( (they’re hiring) raised $60M since 2015 to help companies manage their digital identities. Similarly, Denver-based [CyberGRX]( (they’re hiring) raised $99M for its cyber risk exchange platform. [Coalition]( (they’re hiring) raised over [$300M]( its cyberattack insurance and security tools. Similarly, San Francisco-based [At-Bay]( (they’re hiring) raised $74M this year for its cyber insurance and risk management platform. Tel Aviv-based Orca Security raised [$292M]( a little more than a year to help companies assess and manage cyber risk. Startups are also helping companies navigate the ever-complex world of international security regulations—including the California Privacy Rights Act that goes into effect in 2023. [OneTrust]( (they’re hiring) raised $400M to help companies with security compliance and recently acquired another startup to beef up its ethics offerings. [BigID]( (they’re hiring) raised nearly $100M for its security and privacy platform that helps companies comply with regulations. Password management is a particular challenge for crypto investors who must store their keys somewhere they can retrieve them. For that, there’s Singapore-based [Torus]( (they’re hiring) which specializes in “cryptographic key management.“ Going deeper into the wormhole of future tech, companies are also developing [quantum fingerprints]( (through [quantum tunneling]( naturally). [View Story]( Hot startups hiring now 🔥 [Peloton Interactive]( - Better ourselves, inspire each other, and unite the world through fitness. [Explore 690 jobs](. [Claimyr]( - We connect the unemployed with their benefits - a lifeline for millions of Americans. [Explore 1 job](. [TrueAccord]( - A new way of helping consumers deal with debt while safeguarding their credit scores. [Explore 41 jobs](. [AE Studio]( - Let's create something great. Development, data science, design & product strategy. [Explore 8 jobs](. Funding and acquisitions Mynd, an Oakland, Calif.-based [platform for people who want to buy, manage or sell rental properties,]( raised $40M in a round led by a global real estate investment firm Invesco Real Estate. The company has more than 7k homes under management in 25 markets and plans to expand. Paloma, a New York-based commerce platform for consumer brands, raised a $4M seed round led by Laconia Capital Group. Paloma enables businesses to [manage and scale e-commerce experiences using Facebook’s Messenger app and direct messages within Instagram](. Kudos raised a $2.4M seed round for its [eco-friendly disposable diaper](. The company claims to be the first and only disposable baby diaper to earn the cotton natural seal from Cotton Inc. for having 100% cotton touching the baby’s skin (instead of plastic). The diapers are made from plant-based materials. Home services marketplace Urban Company raised a $255M Series F round led by Prosus Ventures. The seven-year-old startup[allows people to book things like home maintenance technicians, plumbers, and even hairstylists](. The company plans to grow its team and is working toward an IPO. AngelList Weekly 90 Gold St San Francisco, CA 94133 [Unsubscribe]( | [Update preferences](