Toronto's SecureKey Raises $30 Million from Intel, Visa, MasterCard, Rogers, and Telus

Toronto's SecureKey Technologies announced this morning that it has raised $30 million in growth capital to fund the commercial rollout of its innovative online and mobile authentication solutions.  

The financing round was led by Intel Capital and included new investors Visa Inc., MasterCard, Discover Financial Services, Rogers Venture Partners LLC, and TELUS Corporation.

SecureKey provides a platform-as-a-service for authentication, payment and identity.  By embedding its security client in laptops, tablets, and mobile devices, SecureKey enables partners to deliver scalable, easy to use solutions with the security of chip-based identity and payment credentials.

The investment round will enable SecureKey to expand its development of convenient and secure touch-to-pay instant checkout and strong mutual authentication.  Recently SecureKey worked with Intel and MasterCard to embed PayPass technology onto Intel IPT devices including Intel’s recently launched Ultrabooks and will be deploying its solutions in Intel Identity Protection Technology (IPT) beginning on Ultrabook devices later in 2012.

By embedding its technology in a variety of device platforms, laptops, tablets, and mobile phones, SecureKey can enable ‘tap/click to pay’ and ‘tap/click to authenticate’ capabilities, and provide secure proxies to stored credentials in device or cloud-based digital wallets. SecureKey recently launched a new authentication service for the Government of Canada that allows Canadians to use their bank authentication credentials to obtain access to online government services.