Identity verification specialist 1Kosmos has closed a $57 million Series B funding round to address mounting enterprise security concerns around impersonation attacks and credential fraud. The investment, led by Forgepoint Capital alongside Origami’s Oquirrh Ventures, brings the company’s total capital raised to more than $72 million.
The funding package includes a $10 million credit facility from Bridge Bank, with additional participation from Craig Abod of Carahsoft, NextEra Energy Ventures, Gula Tech Adventures, and the management team. This capital injection follows 1Kosmos achieving significant federal contracts and security certifications that position the firm for expanded government and enterprise adoption.
Addressing Modern Identity Threats
Recent cyberattacks have highlighted vulnerabilities in traditional authentication methods, particularly through social engineering tactics targeting IT help desks. The company’s platform combines biometric verification with blockchain-secured identity storage to prevent unauthorized account access before breaches occur.
“Identity has become the first step in the kill chain. This investment allows us to strengthen the proactive controls organizations need to prevent impersonation-based attacks—whether it’s a sophisticated hacking group or a state-sponsored developer hiding in plain sight” ~ Hemen Vimadalal, CEO of 1Kosmos.
Federal Market Validation
The funding announcement coincides with substantial government contract wins that validate the company’s technology approach. 1Kosmos recently secured a 10-year, $194.5 million blanket purchase agreement to provide identity verification services to Login.gov, the federal authentication platform serving multiple government agencies.
The company has also achieved FedRAMP High authorization, the most stringent security certification for cloud services used by federal agencies. This certification enables 1Kosmos to serve government workloads requiring the highest security standards, representing a significant competitive advantage in the public sector market.
Technology Integration Strategy
Rather than requiring organizations to replace existing security infrastructure, the 1Kosmos platform integrates with established identity and access management systems. The company plans to deepen these integrations across IAM, CIAM, PAM, and zero trust platforms using the new funding.
“We invested in 1Kosmos because they’ve built a rare combination: a defensible platform, strong commercial traction, and proven scalability” ~ Ron Heinz, Founder and General Partner at Oquirrh Ventures.
Global Expansion Plans
The Series B capital will fuel international growth initiatives across North America, Europe, Middle East and Africa, and Asia-Pacific regions. The company intends to scale both direct sales operations and channel partnerships to meet increasing demand for advanced identity verification solutions.
Market momentum has been driven by enterprises seeking to consolidate fragmented authentication tools while improving user experience. The platform eliminates password-based vulnerabilities by combining identity proofing with passwordless authentication in a single solution.
Investor Confidence in Identity Security
Lead investor Forgepoint Capital emphasized the company’s consistent focus on user-controlled digital identity since inception. “The mission at 1Kosmos since its inception has stayed remarkably focused on providing individuals with a secure digital identity” said Ernie Bio, Managing Director of Forgepoint Capital.
The investment thesis reflects broader market recognition that identity verification represents a fundamental security requirement rather than an optional enhancement. Enterprise customers increasingly view identity fraud prevention as essential infrastructure for digital operations.