Authy Raise $2M For Two-Factor

Founded in 2011, Authy wants to make two-factor authentication (2fA) easier to implement and more widely used.  Now They’ve picked up $2M and a new president and COO, Marc Boroditsky, to do it with.

Authy delivers both a consumer-facing 2FA mobile app and an API that developers can use to imbed 2FA into their own sites.

Authy has  secured funding from IdeaLab, Digital Garage, CrunchFund and Boroditsky comes to the company with a strong security background. He founded Passlogix, which was then acquired by Oracle.

Authy has also listed its company on AngelList—an angel network and equity funding platform, reports Forbes.


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