The startup offers an authentication platform that integrates user authentication systems with advanced threat detection capabilities to identify vulnerabilities in online systems. This technology helps businesses prevent data breaches and mitigate the risks associated with cyber fraud.
Funding
$22.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional authentication methods relying on static credentials like passwords and one-time passwords (OTPs) are vulnerable to phishing, man-in-the-middle attacks, and replay attacks, especially in financial, IoT, and OT environments. These methods often require network connectivity and can be cumbersome for users, leading to poor user experience and increased security risks.
Solution
Ssenstone provides a suite of authentication solutions based on its patented OTAC (One-Time Authentication Code) technology, offering a more secure and user-friendly alternative to traditional methods. OTAC generates dynamic, non-repeating authentication codes that can be used offline, eliminating the need for continuous network connectivity. The technology supports various use cases, including financial transactions, IoT device authentication, and operational technology (OT) security, providing a layered security approach that enhances protection against cyber threats while improving user convenience. Ssenstone's solutions are designed to be easily integrated into existing systems through APIs and SDKs, offering a cost-effective way to upgrade authentication infrastructure.
Target Audience
Ssenstone's primary customers include financial institutions, IoT device manufacturers, industrial control systems operators, and enterprises seeking to enhance their authentication security and comply with regulatory requirements.
Features
- **OTAC (One-Time Authentication Code):** Generates dynamic, non-repeating codes for secure authentication, eliminating vulnerabilities associated with static credentials.
- **Offline Authentication:** Enables secure authentication even without network connectivity, suitable for remote or isolated environments.
- **Multi-Factor Authentication (MFA) Support:** Can be combined with other authentication factors for enhanced security.
- **Low Resource Footprint:** OTAC's lightweight algorithm (under 4KB) is suitable for low-powered IoT devices and resource-constrained environments.
- **API and SDK Integration:** Facilitates easy integration with existing systems and applications.
- **FIDO Support:** Compliant with FIDO standards for biometric authentication.
- **Versatile Deployment Options:** Supports on-premise and cloud-based deployments.
- **Anti-Phishing:** Dynamic codes prevent phishing attacks by rendering stolen credentials useless.