BlueChilli security startup TokenOne closes third funding round to fuel international expansion.
“Startups tackling the cyber security challenge are developing some of the best new product concepts in areas that will greatly enhance security and privacy in cloud, mobile, and enterprise network platforms. As a telco and through our startup investments and relationships, we’re in a unique position to leverage these technologies to help our customers better manage the increasing challenges of a new generation of cyber-attacks.”
Executive chairman of TokenOne, Phil Cuff, said in a statement at the time of the raise that the latest capital injection would help the startup achieve its ambition of scaling rapidly and expanding overseas.
“This additional funding is a great vote of confidence in TokenOne and particularly our vision of how organisations can provide the next generation of user-centric authentication solutions to their employees and customers, while also meeting their security and legal compliance obligations,” he said.
TokenOne was one of the first batch of startups to receive a share of $700,000 in funding from BlueChilli’s venture capital fund in October last year.
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