BlockBeats news, on August 12, the blockchain authentication platform 1Kosmos completed a $57 million Series B funding round, led by Forgepoint Capital and Oquirrh Ventures under Origami, with participation from Carahsoft founder and president Craig Abod, NextEra Energy Ventures, Gula Tech Adventures, and the 1Kosmos management team.
1Kosmos uses a private, permissioned blockchain for the encryption and storage of personal identifiable information (PII), helping enterprises transform identity verification into a business driver and advance the future development of authentication and passwordless identity verification.