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June 13, 2013 02:05 pm GMT
As high-profile sites like , Google,and most recently Evernoteand LinkedIn turn to two-factor authentication to help their users protect themselves from malicious hackers and security breaches, Encap, a startup based out of Norway, has created an alternative it says is better and safer, using an app on a person's mobile device. The company today announced a round of funding -- we understand it to be $2 million -- from Norwegian early-stage VC ProVenture Seed, which it will use to further develop the solution and take it to new markets outside of Scandinavia, specifically the U.S., where it has recently opened an office in Palo Alto. This latest round takes the total invested in Encap since 2010 to $2,850,000, with the earlier round coming from Alliance Ventures.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/QU024t98zTA/
Encap Raises $2M For A Mobile ID App As An Alternative Two-Factor Authentication
As high-profile sites like , Google,and most recently Evernoteand LinkedIn turn to two-factor authentication to help their users protect themselves from malicious hackers and security breaches, Encap, a startup based out of Norway, has created an alternative it says is better and safer, using an app on a person's mobile device. The company today announced a round of funding -- we understand it to be $2 million -- from Norwegian early-stage VC ProVenture Seed, which it will use to further develop the solution and take it to new markets outside of Scandinavia, specifically the U.S., where it has recently opened an office in Palo Alto. This latest round takes the total invested in Encap since 2010 to $2,850,000, with the earlier round coming from Alliance Ventures.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/QU024t98zTA/
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