Security startup Krypt.co announced it has raised $1 million in seed financing. Four investors contributed to the round: Rough Draft Ventures, Slow Ventures, SV Angel, and Akamai Technologies.
Krypt.co builds the next generation of mobile-based authentication, called Kryptonite, that combines the secure key storage of a USB smart card with a familiar mobile phone interface. The Kryptonite app performs SSH signatures without revealing the private key to a paired computer. A Kryptonite SSH key can be used without modifying any servers, allowing users to secure their GitHub, AWS, and Google Cloud SSH authentication without any changes to their infrastructure. Communication with Kryptonite occurs over encrypted and signed push notifications and Bluetooth, ensuring high availability and low latency.
In its announcement, the company said it will add additional employees and begin to build beyond the free product.