1Kosmos, a U.S.-based (New Jersey) cybersecurity startup specializing in identity verification and passwordless authentication, announced a $57 million Series B funding round (plus a $10M credit line) on August 12, 2025. The round was led by Forgepoint Capital and Origami’s Oquirrh Ventures, with participation from Carahsoft founder Craig Abod, NextEra Energy Ventures, Gula Tech Adventures and 1Kosmos’ management team. This brings the company’s total funding to about $72M.

The new capital will accelerate product R&D and go-to-market efforts.  Management says it will enhance the identity/authentication platform and scale direct and channel sales across North America, EMEA and APAC.  CEO Hemen Vimadalal notes that escalating fraud and AI-driven impersonation attacks are creating strong customer demand: “identity has become the first step in the kill chain,” he said, and the funding will help 1Kosmos strengthen proactive controls and deploy its passwordless solution more rapidly. In his view, rising breach and fraud losses mean organizations are now seeking these solutions themselves (“demand is coming from them”), so 1Kosmos must “get to market faster” to meet it.

Leading investors bring deep domain expertise. 

Forgepoint Capital (a cyber-security venture firm) led the round and remains the largest backer. Origami Capital’s Oquirrh Ventures (a late-stage tech investor) co-led the round. Strategic participants include Craig Abod (founder of government IT distributor Carahsoft) and NextEra Energy Ventures, signaling interest from federal and energy sectors. Cyber-focused funds Gula Tech Adventures and existing management (including the founders) also contributed.

Expansion Plans (India & Global)

The funding will drive geographic growth. 1Kosmos plans new offices in key regions, notably the Middle East (e.g. Saudi Arabia) and Asia-Pacific (e.g. the Philippines), while doubling down on India and North America. 

In fact, 1Kosmos already reports a strong presence in India, with roughly 35-40% of revenue from the APAC region. Through partners (e.g. Carahsoft) it is also expanding in the U.S. government and large enterprise channels. 

The company’s platform has even achieved Kantara certification and FedRAMP High authorization, and it recently won a 10-year, $194.5 million contract to provide identity proofing for the U.S. Login.gov system.

Core Business Focus

1Kosmos’ platform unifies identity proofing and passwordless multi-factor authentication for enterprises. In practice, it replaces passwords and simple 2FA with device biometrics and push-based factors (FIDO passkeys, one-time push notifications, etc.), aiming to prevent account takeover and impersonation.  For example, it verifies users’ identities (even new customers or employees) in real time and issues them secure digital credentials.  According to SecurityWeek, “1Kosmos provides remote identity verification and passwordless multi-factor authentication… [bringing together] credential verification, identity proofing, and authentication to prevent account takeover, impersonation, and fraud”.  Its customers include major banks, telecoms, healthcare providers and retailers (all sectors where fraud risk is high). 1Kosmos emphasizes privacy, storing PII on a permissioned blockchain and compliance with FIDO2, NIST 800-63-3, ISO 27001, SOC II and FedRAMP standards.

Market Positioning & Industry Impact

This funding round highlights the rising importance of identity-first security in the broader cybersecurity space. Investors note that 1Kosmos offers a “defensible platform” to consolidate fragmented onboarding and authentication workflows into a single solution. 

In India and elsewhere, regulators and enterprises are increasingly mandating biometric and zero-trust approaches, for example, RBI and SEBI now explicitly call for biometric-based authentication and strict privacy controls which align with 1Kosmos’ architecture. 

CEO Vimadalal also observes that small and mid-size businesses are now prime targets for simple AI-powered attacks, making enterprise-grade identity solutions a necessity even at lower price points. 

Summing up, 1Kosmos’ Series B underscores strong venture confidence in the digital identity sector and positions the company to expand as organizations worldwide upgrade their authentication and anti-fraud infrastructure.