COMPANIES ARE TRYING TO GET RID OF PASSWORDS ENTIRELY, AND LAUNCHKEY JUST RECEIVED $3 MILLION IN FUNDING TO IMPLEMENT A REPLACEMENT

By Clay Michael Gillespie

In a time where password technology is so easy to breach, the world is ready for a new technology to take over. In response to the vulnerability that passwords hold, some companies have started implementing two-factor authentication.

LaunchKey, on the other hand, looks to get rid of password technology altogether and take the world into multi-factor authentication. On top of that, they just raised $3 million in funding thanks to Metamorphic Ventures and Pantera Capital. According to LaunchKey, the funding will push them to expand their team and bring LaunchKey to market in the next year.

Geoff Sanders, the president, and CEO of LaunchKey, released a statement upon the announcement.

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