Transmit Security

Transmit Security is a cybersecurity company focused on identity and authentication, co-founded by Mickey Boodaei and Rakesh Loonkar. Boodaei previously co-founded Trusteer, which was acquired by IBM in 2013. Transmit Security is privately held.

The company's primary focus is customer identity and access management (CIAM), with products aimed at eliminating passwords and reducing identity-related fraud. Its platform targets enterprise buyers — specifically security, fraud, and identity teams — who need to manage authentication and authorization at scale for large consumer-facing applications. The technology centers on passwordless authentication and behavioral biometrics to verify user identity without traditional credential-based flows.

Transmit Security's flagship product line is its CIAM platform, which includes passwordless authentication, identity orchestration, and fraud detection capabilities. The company markets a product called BindID, a passwordless authentication service based on FIDO2/biometric standards. It also offers an identity threat detection layer designed to sit alongside existing identity stacks rather than replace them entirely.

Transmit Security competes in the CIAM and passwordless authentication space alongside companies such as Okta's Customer Identity Cloud (formerly Auth0), Ping Identity, and ForgeRock. The broader market tailwind is strong: regulatory pressure around authentication security and widespread credential-stuffing attacks have increased enterprise demand for passwordless and fraud-resistant identity solutions.