Hawcx Secures $3M Pre-Seed Funding to Revolutionize Passwordless Authentication
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Slice of Technology Team
03/17/2025
Key Highlights:
- Hawcx secures $3M pre-seed funding led by Engineering Capital with participation from Boldcap.
- Addresses cybersecurity risks—passwords contribute to 86% of data breaches globally.
- Seamless authentication with just five lines of code, ensuring effortless integration.
- Rapid adoption since April 2024, driven by a self-serve platform.
- Mission to eliminate passwords, making online security simpler and more effective.
Source: Business Wire
Quotes
“ "Passwords will soon be a thing of the past. At Hawcx, we are committed to delivering a seamless, passwordless authentication experience that simplifies security while reducing operational overhead for organizations." ”
Riya Shanmugam, Co-founder & CEO at Hawcx
Why This Matters:
The cybersecurity landscape is evolving, and passwordless authentication is emerging as a game-changer. With 86% of data breaches linked to passwords, organizations are desperate for more secure and efficient solutions. Hawcx's innovative, developer-friendly approach ensures frictionless integration, positioning the company as a leader in next-gen identity security. This funding round marks a pivotal step in scaling a technology that could eliminate passwords altogether—paving the way for a safer, more seamless digital future.
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