Security Startup Yubico Secures $30 Million

Yubico announced the completion of $30 million in financing. New Enterprise Associates, The Valley Fund, Bure, and Salesforce CEO Marc Benioff participated in the funding.

Yubico seeks to change the game for strong authentication, providing superior security with unmatched ease-of-use. Its core invention, the YubiKey, is a small USB and NFC device that supports multiple authentication and cryptographic protocols. With a simple touch, it protects access to computers, networks, and online services for the world’s largest organizations.

In its announcement, the company said funds from new investments will be used to expand the Yubico hardware platform beyond authentication to more advanced software, services, and use cases, including IoT and server encryption.