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Anon is building an automated authentication layer for the gen AI age | TechCrunch

Apr 24, 2024 - techcrunch.com
Anon, a startup focusing on automated authentication, has raised $6.5 million in funding and announced that its product is now generally available. The company was initially focused on building an AI agent, but pivoted to developing a tool for creating an automated authentication layer for AI-driven applications and workflows. The solution is delivered as a software development kit (SDK) and allows developers to incorporate authentication for a specific service with a few lines of code. The company's approach to security involves a zero trust architecture, with credentials held by the end user and an encryption layer that requires both the user and Anon to unlock.

The $6.5 million investment is split into two tranches: a pre-seed of around $2 million at launch and a seed that closed at the end of last year for around $4.5 million. Investors include Union Square Ventures and Abstract Ventures, who led the seed round, and Impatient Ventures and ex/ante, who led the pre-seed round, along with several industry angels. The founders believe their early start and broad vision will help them compete in the market.

Key takeaways:

  • Anon, a startup that provides automated authentication for AI agents, has announced a $6.5 million investment and the general availability of its product.
  • The company's solution is delivered as a software development kit (SDK) that allows developers to incorporate authentication for a specific service with a few lines of code.
  • Anon is working towards building a zero trust architecture, where they never control the credentials themselves and there is an encryption layer that requires both the user and Anon to unlock.
  • The $6.5 million investment is split into two tranches: a pre-seed of around $2 million at launch and a seed that closed at the end of last year for around $4.5 million, with investors including Union Square Ventures, Abstract Ventures, Impatient Ventures, and ex/ante.
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