Insurance firm Axa is among those backing ETH Zurich authentication technology spinout Futurae Technologies, which will use the capital for market expansion.
Futurae Technologies, a Switzerland-based user authentication technology spinout of ETH Zurich, has completed a CHF2m ($2m) round co-led by Axa Venture Partners, the corporate venturing arm of insurance group Axa, according to Fintechnews Switzerland.
Axa co-led the round with VC firm Diventures, with participation from financial services provider Zürcher Kantonalbank and angel investor Stefan Muehlemann.
Founded in 2016 by ETH Zurich’s systems security research group, Futurae Technologies develops user and transaction authentication products based on its zero-touch and…
