As of May 2026, there are 113 SaaS companies in Multi-Factor Authentication (MFA) Software. They have combined revenues of $2.5B and employ 17.3K people. They have raised $3.4B and serve 5.5M customers combined.
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.
Sorting: Highest -> Lowest
Showing 10 of 29 companies ranked by annual revenue.
Chicago, Illinois, United States
Keeper Security is the highly-rated and patented cybersecurity platform for preventing password-related data breaches and cyberthreats
Boston, Massachusetts, United States
LastPass is a leading identity and password manager, making it easier to log in to life and work. Trusted by 100,000 businesses and millions of users, LastPass combines advanced security with effortless access for individuals, families, small business owners, and enterprise professionals. With LastPass, important credentials are protected and private – and always within reach. Learn more via www.lastpass.com.
Jakarta, Jakarta Raya, Indonesia
Developer of an online electronic identity verification technology designed to perform electronic transactions with confidence. The company's technology provides valid and legally binding electronic identity and signature, enabling businesses to verify the communication between people, organizations and machines by keeping authenticity, secrecy, integrity, access control and anti-denying.
San Francisco, California, United States
Anon is a developer platform that provides tools and infrastructure for building user-permissioned integrations across the internet. It allows developers to create secure connections between AI agents and user accounts on various websites and services, even those without traditional APIs. Anon handles complex authentication processes, including SSO, OAuth, and 2FA, while maintaining user privacy and security
Fremont, United States
AlertEnterprise offers identity intelligence and enterprise access management software for preventing fraud, theft and acts of sabotage.
New York, New York, United States
Prove is the modern way for businesses to enable their customers to prove their identities. Prove offers phone-centric solutions that enable its customers to acquire new consumers and engage with their existing consumers by removing friction while bolstering security and enhancing consumer privacy & consumer choice. Prove's solutions are used by more than 1,000 businesses across diversified industries, including banks, financial services, healthcare, insurance, and e-commerce. With 1 billion+ consumer and small business identity tokens under continuous management, Prove’s Phone-Centric Identity™ platform helps companies mitigate fraud while accelerating revenue and reducing operating costs across all channels. Prove’s omnichannel solutions are available in 195 countries.
San Francisco, California, United States
Developer and provider of a software solution designed to manage the entire IT operations. The company's software uses single sign-n (SSO) and multi-factor authentication (MFA) to secure the applications with endpoint advanced threat protection and device management, logging, auditing, and reporting, enabling capital management and life sciences organizations to reduce the mundane by automating away repetitive and error-prone tasks.
Boston, Massachusetts, United States
Push Security is a browser-based identity security platform that stops phishing, credential-based attacks, session hijacking, and account takeover. By extending real-time detection and response capabilities into users’ browsers — think EDR, but in the browser — Push monitors the entire identity attack surface while proactively enforcing controls like MFA and strong passwords.
Oakland, California, United States
Teleport is the Infrastructure Identity Company, modernizing identity, access, and policy for infrastructure, improving engineering velocity and resiliency.
London, England, United Kingdom
Yoti helps businesses and people build trust with privacy-focused identity and age verification solutions. Since 2014, Yoti’s innovative technology has transformed how people prove who they are, tackling global challenges like creating age-appropriate experiences, reducing fraud, stopping deepfakes, and empowering people with more control over their data. As a founding UK B Corp, to us social purpose isn’t an add on. It’s at the heart of everything we do. Visit: yoti.com/social-purpose/ for more on this. Explore our current job opportunities at: yoti.com/jobs Featured in The Times, BBC, The Independent, Biometrics Update, City AM and many more.
- 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.
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