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Top 6 Passwordless Authentication Software Companies With $1M–$5M Revenue (September 2026)

As of September 2026, Latka tracks 6 passwordless authentication software companies with $1M–$5M in annual revenue. They have combined revenues of $13.2M and employ 210 people. They have raised $86.1M.

Every company below sells passwordless 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 Passwordless Authentication Software Companies do

Passwordless authentication software enables users to verify their identity without relying on traditional passwords. This approach utilizes alternative methods such as biometrics, one-time codes, or trusted devices, enhancing security and user experience. Typically used in sectors where security and user access are critical, these solutions cater to enterprises seeking to mitigate the risks associated with password management and phishing attacks. Key features often include multi-factor authentication options, seamless integration with existing systems, and user-friendly interfaces that streamline the login process. The primary users of passwordless authentication solutions include IT departments, security administrators, and organizations focused on improving customer experience and digital identity management. As businesses move to a more digital landscape, the demand for these innovative authentication methods continues to grow.

Companies
6
Revenue
$13.2M
Funding
$86.1M
Employees
210

Filters

Sorting: Highest -> Lowest

Filters

Top Passwordless Authentication Software Companies With $1M–$5M Revenue

Showing 6 of 6 companies ranked by annual revenue.

1Kisi Security logo
Kisi Security

Brooklyn, New York, United States

Access control systems provider

Revenue
$4M
Year founded
2012
Team size
119
2SecureW2 logo
SecureW2

Seattle, Washington, United States

SecureW2 provides next-generation passwordless network security for enterprises, education, healthcare, service providers and small businesses around the globe. We offer Certificate & Managed PKI services, top-rated device onboarding software plus world-class RADIUS authentication services. SecureW2 provides everything an organization needs to secure its networks' perimeter by eliminating credential theft risk and improving user experience.

Revenue
$4M
Year founded
2020
Funding
$80M
Team size
36
3iCrypto logo
iCrypto

Santa Clara, California, United States

iCrypto is an Authentication-as-a-Service solution that will disrupt the antiquated password login paradigm. The iCrypto cloud architecture delivers secure authentication to your trusted mobile device, whether that be through your smartphone, tablet or wearable device. This can be used in place of passwords, or in addition to passwords for multi-factor authentication. The iCrypto service makes the enterprise and consumer onboarding process frictionless, thereby enabling any SMB or knowledgeable consumer a low-touch path to added security. The global authentication market is growing at a pace of 20% CAGR with a $3B market today. Additionally, small and medium enterprises are the fastest growing segment of the business population and accounts for 1/3 of all employment worldwide.We have pulled together a world class team from Intel, HTC, Sun, Silicon Image, SafeNet and McAfee with decades of combined experience in the mobile industry and enterprise software. Collectively, we have worked a

Revenue
$1.9M
Year founded
2012
Team size
12
4IDEE GmbH logo
IDEE GmbH

Munich, Bayern, Germany

Leader in truly passwordless authentication and authorization services (SaaS). Made in Germany with privacy by design.

Revenue
$1.2M
Year founded
2015
Funding
$6.1M
Team size
24
5Swoop In Technologies logo
Swoop In Technologies

Albuquerque, New Mexico, United States

Swoop is a company that provides passwordless authentication solutions. Their technology allows users to log in to websites and applications without the need for passwords, increasing security and convenience.

Revenue
$1.1M
Year founded
2017
Team size
4
6Gradient Technologies logo
Gradient Technologies

Boston, Massachusetts, United States

MFA doesn't have to suck! Gradient’s Stealth MFA is a passwordless MFA solution that transforms your user authentication flow into a seamless, silent, and continuous authentication experience that users and IT teams love, with vastly reduced overhead burden and <50% the TCO of Yubikeys.

Revenue
$1M
Year founded
2018
Team size
15

Frequently asked questions about Passwordless Authentication Software Companies With $1M–$5M Revenue

How many passwordless authentication software companies with $1M–$5M in annual revenue are there?

Latka tracks 6 passwordless authentication software companies with $1M–$5M in annual revenue. Together they generate $13.2M in annual revenue and employ 210 people.

Which passwordless authentication software company with $1M–$5M in annual revenue is the largest?

Kisi Security is the largest, with $4M in annual revenue, founded in 2012.

How much revenue does a typical passwordless authentication software company with $1M–$5M in annual revenue make?

The average passwordless authentication software company in this list makes $2.2M a year, across 6 companies with reported revenue.

Who are the leading Passwordless Authentication software vendors with $1M–$5M in annual revenue?

Ranked by annual revenue, the leaders are Kisi Security, SecureW2, iCrypto, IDEE GmbH and Swoop In Technologies.

How much funding have passwordless authentication software companies with $1M–$5M in annual revenue raised?

The 6 passwordless authentication software companies with $1M–$5M in annual revenue tracked here have raised $86.1M in disclosed funding between them.

Related Security Software categories

Inclusion Criteria

- Must provide alternative authentication methods such as biometrics or one-time codes. - Must improve security and reduce the risk of phishing attacks compared to traditional passwords. - Should integrate with existing identity and access management systems. - Must enhance user experience by streamlining the login process. - Must support multi-factor authentication capabilities. - Not just focus on regulatory compliance; must also prioritize user convenience and accessibility.