Transmit Security serves many of the world's largest banks, insurers, retailers, and other leading brands, collectively responsible for more than $3.1 trillion in annual commerce. As the inventor of the concept of Identity Orchestration™ in 2014, the company offers a leading, no-code solution for seamless customer identity experiences, widely adopted by top global enterprises.
Cyborg Score Rationale
In June 2021, the company completed a Series A funding round by raising $543 million, reported to be the largest Series A in cybersecurity history. The company combines integrated CIAM, fraud prevention, and identity verification capabilities addressing a growing market need for consolidated identity solutions across enterprise banking, insurance, and retail sectors.
Top Insights
Ranked #1 in Customer Access Management and Application Development Support in Gartner's Critical Capabilities Report.
The only platform to offer active-active multi-cloud global presence running simultaneously in GCP and AWS, enabling resilient, mission-critical deployments.
Mosaic is the only fraud prevention engine built on modern AI technologies, delivering massive scale and unmatched accuracy.
Co-founders Mickey Boodaei and Rakesh Loonkar previously founded Trusteer in 2006, which was acquired by IBM in 2013 for $1 billion, bringing enterprise security domain expertise to identity.
Named Competitors
Okta — Identity and access management platform
Auth0 — Customer IAM platform (Okta subsidiary)
Ping Identity — Intelligent identity platform for workforce and customer identity
LoginRadius — Purpose-built CIAM platform for B2C and B2B SaaS customer identity at scale
ForgeRock — Enterprise identity platform with CIAM and customer identity orchestration capabilities
Microsoft Entra External ID — Cloud-native CIAM solution for B2C customer identity and access management
Recent Developments
(June 2021) Completed $543 million Series A funding round, largest in cybersecurity history
(September 2021) Citi Ventures and Goldman Sachs Asset Management joined as investors
(December 2025) Gartner recognized Transmit Security as #1 in Customer Access Management and Application Development Support in Critical Capabilities Report
Open the full interactive Transmit Security report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.