San Francisco-based Averon, a mobile authentication startup, announced today that it had secured $8.3 million in an Avalon Ventures-led Series A round of funding. Mobile security solution provider Averon has raised $8.3m 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, eSIM or eUICC chips in hardware and real-time mobile network signalling. The company is also developing an app that will allow users to authenticate themselves using their smartphone.
Mobile security solution provider Averon has raised $8.3m 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, eSIM or eUICC chips in hardware and real-time mobile network signalling. The company is also developing an app that will allow users to authenticate themselves using their smartphone.