Apr 22, 2025 - Business

Exclusive: AuthMind raises $19.3 million for identity protection

Dan Primack

Illustration of an open door with binary code spilling out. — Illustration: Shoshana Gordon/Axios

AuthMind, a Bethesda, Maryland-based identity protection startup, tells Axios that it's raised $19.3 million in seed funding led by Cheyenne Ventures.

Why it matters: This highlights a rising cybersecurity threat whereby hackers — both human and machine — mimic verified users to access networks and devices. Logging in vs. breaking in.

It's become more common as identity "ownership" infrastructure has become more fragmented, and AuthMind says its tech also can be used to detect insider threats.

What they're saying: "We're providing continuous identity observability, knowing what's suspicious because of the identity rather than centering on attacks, explains AuthMind CEO Shlomi Yanai,

Other investors include Ballistic Ventures, IBM, Black Opal Ventures, K2 Access Fund, Jefferies Family Office, Silver Buckshot Ventures, and Blu Venture Investors.

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Exclusive: AuthMind raises $19.3 million for identity protection

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