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{{short description|'''Israeli identity and authentication company co-founded by Mickey Boodaei, who "spent six years in the Israeli military" on cyber-security projects, and Rakesh Loonkar'''}}
{{Infobox company
| name = Transmit Security
| logo = Transmit_Security_logo.png
| image_size = 220px
| caption = Transmit Security logo
| type = Private company
| founded = {{Start date|2014}} (according to the company)
| founder = [[Mickey Boodaei]], [[Rakesh Loonkar]]
| hq_location = Tel Aviv (headquarters and research and development, according to ''Ctech'', 2021), with offices in Boston
| industry = Cyber security
| services = Customer identity, authentication and fraud prevention
| num_employees = 200, 110 of them in Israel (June 2021, according to ''Ctech'')
| homepage = [https://transmitsecurity.com/ transmitsecurity.com]
}}
'''Transmit Security''' is an Israeli cyber-security company that sells identity-verification and password-free authentication software, chiefly to banks. It was co-founded by [[Mickey Boodaei]] and [[Rakesh Loonkar]], who had earlier founded the fraud-prevention company [[Trusteer]], sold to [[IBM]] in 2013.<ref name="BGTransmit2017">The Boston Globe, [https://www.bostonglobe.com/business/2017/01/11/long-distance-partners-take-wraps-off-their-second-cybersecurity-startup/tNvTE7i1S61KBJ33IZzAlK/story.html Long-distance duo take wraps off their second cybersecurity startup] ''The Boston Globe'', 11 January 2017, accessed 10 November 2026.</ref> According to ''[[The Boston Globe]]'', Boodaei "spent six years in the Israeli military, studying civilian cybersecurity technologies and their implications for military networks, and managing large cybersecurity projects" ([[Israel Defense Forces]]).<ref name="BGTransmit2017"/> In June 2021 the company raised $543 million at a valuation of $2.2 billion, which ''[[Calcalist|Ctech]]'' called "the largest Series A funding round in cybersecurity history".<ref name="CtechTransmit2021">Meir Orbach, [https://www.calcalistech.com/ctech/articles/0,7340,L-3910675,00.html Transmit Security raises record $543 million Series A at $2.2 billion valuation] ''Ctech'', 22 June 2021, accessed 10 November 2026.</ref>

== Founders and military service ==
''The Boston Globe'' reported in 2017 that Boodaei "spent six years in the Israeli military, studying civilian cybersecurity technologies and their implications for military networks, and managing large cybersecurity projects. In 2002, he cofounded Imperva, a database security company" ([[Imperva]]). It said that Loonkar, based in Boston, had founded the network-security company OneSecure, later acquired by NetScreen Technologies and then [[Juniper Networks]], and that the two had started Trusteer together in 2006.<ref name="BGTransmit2017"/> Boodaei and Loonkar were also early investors in [[Aorato]].

== Funding ==
The company says that Boodaei and Loonkar have pursued their aim "to rid the world of passwords" since 2014.<ref name="TransmitBlog2021">Taira Sabo, [https://transmitsecurity.com/blog/transmit-security-raises-543m-in-record-breaking-funding-to-rid-the-world-of-passwords Transmit Security Raises $543M in Record-Breaking Funding to Rid the World of Passwords] ''Transmit Security'', 22 June 2021, accessed 10 November 2026.</ref> When it launched publicly in January 2017, ''The Boston Globe'' said that it had been "funded with $40 million of the cofounders own capital" from the sale of Trusteer, and was based in Boston and Tel Aviv.<ref name="BGTransmit2017"/> Accounts of the Trusteer price differ: ''The Boston Globe'' said that IBM paid "more than $850 million", while ''Ctech'' said that Trusteer "was sold to IBM for $650 million".<ref name="BGTransmit2017"/><ref name="CtechTransmit2021"/>

The June 2021 round was led by [[Insight Partners]] and [[General Atlantic]], with [[Cyberstarts]], Geodesic, [[SYN Ventures]], Vintage and Artisanal Ventures.<ref name="TransmitBlog2021"/> ''Ctech'' reported that much of the round was a secondary sale of shares by the founders and staff, that the company's headquarters and research and development centre were in Tel Aviv, and that its customers included [[Santander]] and [[UBS]].<ref name="CtechTransmit2021"/>

== See also ==
* [[Trusteer]]
* [[Imperva]]
* [[Aorato]]
* [[Cyber and tech firms founded by ex Unit 8200 or occupation forces veterans]]

== External links ==
* [https://transmitsecurity.com/ Official website]

== Notes ==
<references/>

[[Category:Israel]]
[[Category:Companies]]
[[Category:IDF]]
[[Category:Security Industry]]

Transmit Security - Revision history

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