OneIDLab and Tozny merge to form Tozny, Inc., a cybersecurity technology company

Tozny Secures $2.2M in Venture Capital Funding to Accelerate Deployment of Its Unified Cybersecurity Solutions

CAMAS, WA /ACCESSWIRE/April 19, 2022/ Tozny, a Portland, Oregon-based identity management and data security company, and OneIDLab, a Zero Trust posture security technology company, announced that the companies would merge to form Tozny, Inc..

Merger Combines Tozny’s Integrated Identity and Access Management (IdAM), Privileged Access Management (PAM), Key Management and Data Encryption Solutions with OneIDLab’s Secure Remote Access and Advanced Solutions of decentralized identity tokens protected by 21 patents. Both Tozny and OneIDLab products have benefited from deep-rooted engagements with government organizations such as the Department of Defense, Department of Homeland Security, National Institutes of Health, and other federal agencies.

Prior to the merger, OneIDLab closed $2.2 million in seed funding led by Rogue Venture Partners and Columbia Ventures Corporation as well as previous investors. Other notable OneIDLab shareholders include In-Q-Tel and Jaguar Land Rover.

“Through the merger, we are able to accelerate the delivery of a comprehensive, integrated, end-to-end advanced cybersecurity platform that is easy to use and flexible to deploy,” said Isaac Potoczny-Jones, co. -Founder and Chief Technology Officer. of Tozny, Inc. “What makes Tozny’s solutions unique is the fact that we are the only technology company capable of offering a fully integrated software and hardware security solution that includes IDaM, PAM, data encryption, secrets management and a single decentralized hardware token with NFC, BLE, USB and touchpad interfaces that are implemented on a informed of the risks base.”

Tozny’s products and services are designed to secure and manage identities, data and keys with an advanced “Zero Trust” architecture. Tozny customers include DARPA, NIST, Department of Defense, Charles River Analytics and Jaguar Land Rover Labs. Tozny products are implemented on a informed of the risks allowing the customer to adapt the level of security and control the costs according to the criticality of the systems, devices and equipment.

“Our customers are increasingly asking for an integrated, risk-aware solution that doesn’t require a radical change to their IT infrastructure. Our integrated platform works with existing applications and enables our customers to adopt and maintain a much simpler ‘zero trust’ posture that includes people, devices, applications and services,” said Jonathan DeHart. , Co-Founder and CEO of Tozny, Inc. “With our integrated portfolio, Tozny is on track to exceed 200% year-over-year growth in recurring revenue; and with additional products coming online this year, we are excited to be able to meet our customers’ growing needs for advanced cybersecurity solutions.

Tozny’s funding will help accelerate product development and sales. Tozny is headquartered in Camas, Washington, with offices in Portland, Oregon.

OneIDLab parted ways with Portland-based Tyfone, Inc. in late 2020, and Tozny parted ways with Galois in 2013.

About Tozny, Inc.

TozniInc., provides integrated identity management, privileged access management, data encryption and key management software and hardware informed of the risks solutions with flexible deployment options, including cloud, on-premises, or hybrid implementations, and via SDKs to protect critical infrastructure and critical business systems and data. Built with technology developed in conjunction with NIST, DARPA, EPRI and others, Tozny brings advanced cybersecurity to all businesses. Tozny was founded by leading cryptography experts from security research company Galois founded in 2013. OneIDLab spun off from fintech security platform company Tyfone in 2020. Follow Tozny on LinkedIn. To learn more about Tozny, Inc., visit Tozny.com.

Contact:
Jeff Fishburn
Fishburn PR for Tozny, Inc.
[email protected]

THE SOURCE: Tozny, Inc.

See the source version on accesswire.com:
https://www.accesswire.com/697907/OneIDLab-and-Tozny-Merge-to-Form-Tozny-Inc-a-Cybersecurity-Technology-Company

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