OneID raises series A funding of USD7 million

Eliminates the need for multiple usernames and passwords

The round was led by Khosla Ventures and North Bridge Venture Partners. OneID is a digital identity service provider founded in 2011 that eliminates the need for multiple usernames and passwords and aims to help online businesses reduce friction, fraud and costs associated with authentication and financial transactions. OneID will use the funding to bring its service to market. (view press release)

We’re looking forward to seeing leading sites adopt the OneID service and make it available to millions of customers this year. We believe OneID will attract the most forward-thinking businesses to offer a more secure alternative to the way we sign in to sites and share personal information,” said Khosla Ventures  founder Vinod Khosla.

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