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Top 23 Multi-Factor Authentication Software Companies Under $1M Revenue (August 2026)

As of August 2026, Latka tracks 23 Multi-Factor authentication software companies under $1M in annual revenue. They have combined revenues of $12.3M and employ 211 people. They have raised $36M and serve 10.2K customers combined.

Every company below sells Multi-Factor authentication software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.

What Multi-Factor Authentication Software Companies do

Multi-Factor Authentication (MFA) Software provides an additional layer of security for the digital login process. This type of software requires users to provide two or more distinct forms of verification before granting access to accounts or systems. Common methods include something the user knows (like a password), something the user has (like a mobile device or security token), and something the user is (such as a fingerprint or facial recognition). The primary use cases for MFA software are in enhancing security for sensitive data, protecting online accounts, and complying with regulatory requirements. This software is typically utilized by various organizations, including financial institutions, healthcare providers, and any businesses that manage sensitive customer information. Typical features include user management, reporting and analytics, integration with existing identity management systems, and support for various authentication methods. Common buyer personas include IT security professionals, compliance officers, and systems administrators, who seek to mitigate risks associated with account breaches and ensure that user verification processes are robust. As cyber threats continue to evolve, MFA software has become essential in safeguarding both personal and organizational data.

Companies
23
Revenue
$12.3M
Funding
$36M
Employees
211

Filters

Sorting: Highest -> Lowest

Filters

Top Multi-Factor Authentication Software Companies Under $1M Revenue

Showing 10 of 23 companies ranked by annual revenue.

1Cyber Legend Technologies LLC logo
Cyber Legend Technologies LLC

Dubai, United Arab Emirates

One of the key access control systems offered by Cyber Legend Technologies in Dubai is biometric authentication system. With their advanced technologies and expertise, efficient and reliable solutions are offered by them.

Revenue
$990K
Team size
9
2WhoIAM logo
WhoIAM

Bellevue, Washington, United States

WhoIAM is an identity and authentication factors company focused on deploying client and consumer/citizen identity solutions for major corporations as well as federal, state and local governments across authentication, verification, and identification flows used by consumer as well as enterprise line of business apps and platforms.

Revenue
$990K
Year founded
2017
Team size
9
3Authing logo
Authing

Haidian, Beijing, China

Authing provides identity authentication and authorization services for enterprises and developers.

Revenue
$983.8K
Year founded
2018
Funding
$29.2M
Team size
34
4Foxpass logo
Foxpass

San Francisco, California, United States

Making enterprise security practices available for all companies.

Revenue
$907.7K
Customers
10K
Year founded
2015
Team size
6
5idemeum logo
idemeum

Palo Alto, California, United States

Passwordless application management platform.

Revenue
$900K
Year founded
2020
Team size
6
6Veratad Technologies logo
Veratad Technologies

Teaneck, New Jersey, United States

Veratad is a world class provider of online/real-time Identity Verification and Knowledge Based Authentication Solutions for those who conduct business on the Internet or any business that needs to verify an individual’s age or identity. Our verification solutions are designed to verify an individual’s identity and/or age while protecting sensitive personal data and promoting a high level of consumer privacy. Veratad is trusted by companies large and small and our customers include some of the world’s most well known corporations that use our solutions to reduce the risk of fraud, comply with financial regulatory requirements, provide a safer online experience and act with a greater sense of social responsibility.

Revenue
$880K
Year founded
2006
Team size
8
7SessionBox logo
SessionBox

United States

With more than 300.000 users SessionBox is the most popular multi login platform. We protect your data with enterprise grade security solutions.

Revenue
$880K
Team size
8
8SSOJet logo
SSOJet

San Francisco, California, United States

SSOJet - Intelligent Enterprise SSO That Just Works SSOJet empowers B2B SaaS companies to become enterprise-ready in minutes with seamless SSO integration. Our all-in-one solution delivers enterprise-grade security and modern team management without the complexity, start free with unlimited users. Close enterprise deals faster and delight your customers with the seamless authentication experience they expect. 🔒 Pre-built SSO Connectors 🚀 Modern Team Management 👥 Automated Directory Sync 🔑 Multi-Factor Authentication 📊 Comprehensive Audit Logs Join fast-growing B2B SaaS companies using SSOJet to scale their enterprise customer base while saving months of development time. #B2BSaaS #EnterpriseSSO #ProductLed #StartUp #SaaS

Revenue
$770K
Year founded
2025
Team size
7
9Facia.ai logo
Facia.ai

London, England, United Kingdom

Fastest 3D Liveness Detection For Identity Verification

Revenue
$759K
Year founded
2022
Team size
26
10SSOReady logo
SSOReady

San Francisco, California, United States

Open source developer tools for enterprise single sign-on

Revenue
$660K
Year founded
2023
Team size
6

Frequently asked questions about Multi-Factor Authentication Software Companies Under $1M Revenue

How many Multi-Factor authentication software companies under $1M in annual revenue are there?

Latka tracks 23 Multi-Factor authentication software companies under $1M in annual revenue. Together they generate $12.3M in annual revenue and employ 211 people.

Which Multi-Factor authentication software company under $1M in annual revenue is the largest?

Cyber Legend Technologies LLC is the largest, with $990K in annual revenue.

How much revenue does a typical Multi-Factor authentication software company under $1M in annual revenue make?

The average Multi-Factor authentication software company in this list makes $534K a year, across 23 companies with reported revenue. They serve 10.2K customers combined.

Who are the leading Multi-Factor Authentication software vendors under $1M in annual revenue?

Ranked by annual revenue, the leaders are Cyber Legend Technologies LLC, WhoIAM, Authing, Foxpass and idemeum.

How much funding have Multi-Factor authentication software companies under $1M in annual revenue raised?

The 23 Multi-Factor authentication software companies under $1M in annual revenue tracked here have raised $36M in disclosed funding between them.

Related Security Software categories

Inclusion Criteria

- The software must provide support for multiple authentication methods, including at least two independent categories of authentication. - It should offer user management capabilities, allowing administrators to control access and monitor usage. - The solution must include reporting and analytics features to track authentication attempts and potential security incidents. - It is essential that the solution integrates seamlessly with existing IT infrastructure, such as identity and access management systems. - Not just focused on password management; must also enforce additional layers of verification for secure access.