Centennial-based cybersecurity startup Dapple Security has raised $2.3 million in a pre-seed funding round led by First In. The company aims to develop a passwordless solution that utilizes biometrics to prevent cyber attacks like phishing.
Dapple has designed a way to reproduce confidential biometric and passkey data on demand across multiple devices without storing credentials. Its solution allows employees to replace passwords with a passkey generated from their biometric data, such as fingerprints or facial recognition. The passkey is stored in the cloud, enabling its use across multiple devices without the need for sensitive data storage.
The company plans to launch in 2024, initially targeting small and mid-sized businesses which often have a higher risk of cyber attacks due to limited access to affordable and easily adoptable cybersecurity infrastructure, according to the company.
