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Hawcx Secures $3M Pre-Seed Funding to Revolutionize Passwordless Authentication

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

Notable 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

"The team at Hawcx is solving one of the industry’s most pressing challenges in a uniquely scalable way. We are thrilled to support them in reimagining authentication for businesses and users alike."

Ashmeet Sidana, Founder & Managing Director at Engineering Capital

"By 2030, the majority of workforce and customer authentication will be passwordless. The Hawcx team is building a best-in-class solution to scale this transformation worldwide."

Sathya Nellore Sampat, General Partner at Boldcap

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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