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Passage

Passage

Private
TorontoCybersecurityhttps://www.passage.com/

Last Round

Seed Round

May 7, 2026

Total Funding Raised

$34.14M

Momentum

Top 10%

of companies Caplight tracks

Company Overview

Passage is an education and employment services company that provides a platform connecting educational institutions, employers, and financial organizations to facilitate access to affordable educational and job opportunities for immigrants and individuals with limited financial resources.

Sector

Cybersecurity

Verticals

Identity & Access, Application Security, Zero Trust

Business Model

B2B

Customer Profile

Usage-Based SaaS, Subscription SaaS

AI Layer

Non-AI

Keywords

passwordless authenticationpasskeysbiometric authenticationidentity and access managementIAMFIDO2authentication APIauthentication SDKWebAuthndeveloper toolszero trustauth-as-a-servicelogin infrastructureuser authenticationbiometric login

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Passage Comps

Public and private peers based on sector, stage, and business model.

Passage comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Passage Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Seed RoundMay 7, 2026
SeedJun 27, 2023
M&ANov 3, 2022
SeedFeb 1, 2022
SeedMar 30, 2015

Key People

Founding team and executive leadership

Martin Basiri

Founder & CEO

Founding Team

Siavash Mahmoudian

Chief Technology Officer

Executive Team

Iman Hassani

Chief Operating Officer

Executive Team

Passage Investors

Notable investors and investment history

Market signals

Structured signals derived from secondary market and firmographic data.

  • May 7, 2026

    $610K raised in Seed Round.

  • Apr 27, 2026

    Grew 30% QoQ, from 53 to 69 employees.

Passage Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Passage Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Passage's valuation, stock price, and market status.

Firmographic Details

HeadquartersToronto
Employee Range71
Year Founded2023
Last FundingMay 7, 2026

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