Token
PrivateLast Round
Series C
May 12, 2022
Total Funding Raised
$73.5M
Company Overview
Token, legally known as Tokenize, Inc., is a cybersecurity company that provides a passwordless, biometric, multi-factor authentication (MFA) solution to protect organizations from cyberattacks like phishing and ransomware. The company's flagship product is the Token Ring, a wearable smart ring featuring a fingerprint sensor that offers FIDO2-compliant authentication. This allows users to securely log in to systems, make payments, and access physical locations. Founded in 2014 by graduates of the Rochester Institute of Technology, the company initially targeted the consumer market before shifting its focus to enterprise security. Token is venture capital-backed, having raised over $50 million in funding, with significant investment from Grand Oaks Capital.
Sector
Cybersecurity
Verticals
Identity & Access, Digital Identity, Zero Trust, IoT Hardware
Business Model
B2B
Customer Profile
Hardware + Subscription, Hardware Sales
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Token Comps
Public and private peers based on sector, stage, and business model.
Token Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series C | May 12, 2022 | ||||
| Series B | Jan 27, 2021 | ||||
| Series A | Apr 24, 2017 |
Key People
Founding team and executive leadership
Token Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Cota Capital | Series C |
| EQT Ventures | Series B, Series A |
| Element Ventures | Series C |
| Plug & Play Ventures | Series A |
| MissionOG | Series C |
| TempoCap | Series C |
| Sony Innovation Fund by IGV | Series B |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jun 5, 2025
Launched Token BioKey, a FIDO-compliant security key for passwordless MFA.
- Jan 8, 2025
Won the tmcnet Cybersecurity Excellence Award for ransomware defense.
Token Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Token's valuation, stock price, and market status.
