Beyond Identity Achieves Record Growth and Momentum in 2022, Tripling Revenue, Achieving FIDO2 Certification and Attaining New Strategic Partnerships

The pioneer of passwordless, phishing-resistant MFA expands industry, remains poised for strong 2023

New York, February 28, 2023 - Beyond Identity, the leading provider of passwordless, phishing-resistant MFA, today reported it has tripled its annual revenue in 2022. Further growth was demonstrated by workforce milestones, industry relationships, and FIDO2 certification.

“The results we have attained during 2022 has been an incredible validation of our mission to transform how corporations approach cybersecurity, improve authentication, and dramatically reduce risk,” said Thomas Jermoluk, CEO and co-founder of Beyond Identity. “What we’ve accomplished here is a strong sign that we are filling a critical industry need, that organizations are ready to embrace passwordless MFA, and adopt advanced authentication as a fundamental part of their zero trust strategy.”

Just two years after launch, and less than a year after achieving a $1.1B valuation, Beyond Identity closed FY22 having tripled both its revenue and customer base when compared year-over-year. The company also transitioned its North American go-to-market strategy to a 100% channel-first approach. To support this accelerating growth and continued innovation, Beyond Identity has now nearly 200 employees with over 60% of the team in engineering roles.

Industry Strategy, Relationships, and Adoption

With FIDO-based solutions now required by the U.S. government, Beyond Identity’s FIDO2 certification is a powerful affirmation of the company’s leadership in the passwordless space. Beyond Identity’s advanced authentication platform dramatically simplifies the adoption of next generation phishing-resistant MFA. Extending FIDO2 with comprehensive device security posture checks and an advanced policy engine enables customers to adopt continuous risk-based authentication–ensuring only authorized users and appropriately secure devices gain or maintain access to apps and resources.

In 2022, the company extended its identity management footprint by adding single sign-on (SSO) integrations with Google Cloud, CyberArk, OneLogin by One Identity, Shibboleth, and VMware. Beyond Identity also minted technology alliances and completed integrations with MDM, EDR, and SIEM products to bring an unprecedented Zero Trust Authentication capability to its customers. Beyond Identity’s integration with Zscaler also allows customers to actively stop attackers and drop access for suspicious users or devices. The platform now incorporates risk signals from mobile device management products including JAMF, InTune, Airwatch, and MobileIron, and Crowdstrike’s Falcon EDR. These integrations enable companies to leverage existing detection and response tools for advanced protection.

A newly minted strategic partnership with World Wide Technology (WWT) includes deployment of Beyond Identity’s platform internally to its 8,000 employees, and leveraging WWT’s global reach as a channel partner. These critical relationships will accelerate adoption of passwordless, phishing-resistant MFA and unlock a more innovative and secure digital landscape.

Beyond Identity shows no sign of slowing down in the new year. The company’s leaders are actively working with additional partners to further define and clarify the critical capabilities and methods used to bring a zero trust approach to authentication.

To learn more, visit https://www.beyondidentity.com/.

About Beyond Identity
Beyond Identity is revolutionizing secure digital access for workforces, contractors, customers and developers. Our Universal Passkey Architecture provides the industry’s most secure and frictionless multi-factor authentication that prevents credential-based breaches, ensures device trust, and delivers secure and frictionless digital access, eliminating passwords entirely. Industry leaders like Snowflake, Unqork and Roblox rely on Beyond Identity to solve their access security challenges for their customers, employees, contractors and developers and to advance their journey toward Zero Trust Security. To learn more about Beyond Identity’s solutions and innovations, visit beyondidentity.com and stay connected with us on Twitter, LinkedIn, and YouTube.

Contact
Mary Amenta
Matter Communications for Beyond Identity
BeyondIdentity@Matternow.com