Authy Raises $2.3M To Help Prevent The Next Celebrity Hack

Hacking into poorly secured online accounts isn’t all that hard, as a few celebrities found out this week. One of the easiest ways to secure your accounts is by using two-factor authentication so that you have both something you know (your password) and something you have (the second, ever-changing security PIN). Authy, a Y Combinator-funded startup that specializes in two-factor authentication, today announced that it has raised a $2.3 million seed round from a variety of angel investors.
In addition, the company announced that it has hired Marc Boroditsky – the former vice president of Identity and Access at Oracle after he sold his two-factor service Passlogix to it – as its president and CEO.
As Authy’s founder and CEO Daniel Palacio told me last week, the company managed to raise its round within a few days with the help of AngelList. Among the investors are Box CEO Aaron Levie, Match.com CEO Sam Yagan, CrunchFund, Winklevoss Capital, Digital Garage, Data Collective, Salesforce.com and AngelList through its MaidenLane fund (TechCrunch was founded by CrunchFund partner Michael Arrington, but he never talks to me and plays no role in our day-to-day coverage).

This post was published at Tech Crunch on September 08, 2014.