The cybersecurity software developer is raising the cash at a $2.2bn pre-money valuation in a series A round that now includes Citi Ventures.

Citi Ventures, the venture capital arm of financial services firm Citi, joined Israel-based identity authentication software developer Transmit Security’s $543m series A round yesterday.

Investment bank Goldman Sachs’ Asset Management subsidiary has also come onboard. The round was disclosed in June this year and was co-led by Insight Partners and General Atlantic and backed by Cyberstarts, Geodesic, Syn Ventures, Vintage Investment Partners and Artisanal Ventures.

Transmit Security has developed authentication software which eschews passwords in favour of biometrics. The round…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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