One of BlueChilli’s first companies, TokenOne, has secured a third round of funding lead by Singtel Innov8.

TokenOne is the Identity Assurance Platform provider that simplifies multi-factor authentication by replacing passwords and other security technologies with a single, simple software-based solution to access multiple services.

The investment, lead by one of the world’s largest telcos, demonstrates the potential of this new form of software authentication.

BlueChilli, also an investor in TokenOne through its own Venture Fund, saw the potential for the company early in its business lifecycle and is excited at how far it has come in such a short period of time.

TokenOne will use the funds to expand internationally, further build its sales and marketing team, and accelerate development of the next version of its Identity Assurance Platform.

Stay tuned for more developments with this innovative and disruptive business in the near future!

Filed under:   funding   investment   portfolio   Singtel Innov8   tokenone