OTPless, an innovative authentication and access management platform, has secured $3.5 million in its pre-Series A funding round, spearheaded by SIDBI, with participation from Venture Highway, FJ Labs, and Piper Serica.
The funding infusion marks a significant milestone for OTPless as it gears up to expand its global footprint and diversify its service portfolio beyond authentication into authorization. With ambitions to challenge established players such as Auth0, Clerk, Stytch, Descope, and Transmit Security, OTPless aims to leverage the funding to bolster its technological capabilities and solidify its position in the market.
Leveraging innovative methods such as WhatsApp and other social sign-in options, OTPless delivers a seamless and secure authentication experience for users across websites and applications.
The platform offers a comprehensive suite of authentication solutions, supporting various social sign-in methods including Google, iMessage, Microsoft, Github, Slack, UPI, and modern protocols such as Passkeys, Network Auth, Protected SMS, and Device Fingerprinting. Developers can effortlessly integrate OTPless’s SDKs and APIs, enabling rapid deployment within minutes through pre-built UIs or customizable options.
Bhavik Koladiya, co-founder, and CEO of OTPless expressed his excitement about the funding, emphasizing the company’s vision to simplify, accelerate, and fortify user authentication. The investment will fuel OTPless’s operational expansion and technological advancements, aligning with the surging global demand for seamless and secure authentication solutions.
OTPless also outlined its plans to introduce new features and integrations aimed at further streamlining the authentication process for both users and developers. These enhancements include additional social sign-in options, enhanced biometric authentication methods, passkeys, adaptive authentication, and advanced security features to mitigate emerging threats effectively.
Having secured a total of $6.5 million in funding to date, OTPless continues its trajectory of growth and innovation in the authentication space.