Twilio, a San Francisco, CA-basee cloud communications platform company, acquired Authy, a provider of authentication as-a-service for large-scale Web and mobile applications.
The amount of the deal was not disclosed.
Led by Daniel Palacio, founder and CEO, the acquired company provides a SaaS application that protects individuals and online businesses against phishing and other malicious attack via two factor authentication (2FA) services. Launched in 2012 and backed by Y Combinator , Authy features a signature TOTP two factor authentication, SMS and phone verification services, which now protect over 1.2 million users across 6,000 websites.
Headquartered in San Francisco, the company has product development operations in Bogota, Colombia. Customers include CloudFlare, CEX.io, Coinbase and MercadoLibre. Investors are Salesforce.com, Box founder Aaron Levie, Sam Yagan, CRUNCH Fund, Starling Ventures, Idealab, Winklevoss Capital and AngelList.
With Authy, Twilio now provides a cloud-based API to embed two-factor authentication (2FA) and phone verification into any application. The underlying Voice and SMS communications for Authy will continue to be powered by Twilio.
FinSMEs
02/03/2015