Averon leverages real-time mobile network signaling and the SIM/eSIM (eUICC) chips already found in the world's seven billion smartphones, requiring no installation, no apps, and no user involvement whatsoever," the company explained in an Oct. 24 media advisory. Mobile security solution provider Avalon has raised $ 8.3 m in a series A funding round led by Avalon Ventures . San Francisco - based Averon developed Direct Autonomous Authentication ( DAA ) , a secure method of identity verification requiring no personally identifiable data . Instead , it relies on existing SIM , GPS or eUICC chips in hardware and real - time mobile network signalling . DAA is used by all US mobile networks , and Averon CEO Wendell Brown said the company is " rapidly taking it to scale " .
Mobile security solution provider Avalon has raised $ 8.3 m in a series A funding round led by Avalon Ventures . San Francisco - based Averon developed Direct Autonomous Authentication ( DAA ) , a secure method of identity verification requiring no personally identifiable data . Instead , it relies on existing SIM , GPS or eUICC chips in hardware and real - time mobile network signalling . DAA is used by all US mobile networks , and Averon CEO Wendell Brown said the company is " rapidly taking it to scale " .