Futurae Technologies wins 130,000
Futurae Technologies' new product, which enables a user-friendly authentication procedure via ambient noise, is currently conquering the markets. This innovative startup wins CHF 130,000 in seed capital at the Venture Kick finals.
Futurae Technologies' patented product "#Sound-Proof" is a fast and secure password method. Passwords are often weak and reused. While various websites offer two-step confirmation alongside passwords, end users do not like these cumbersome processes.
Futurae Technologies
Futurae Technologies enables end users and companies to use the latest IT security. While the user logs in, "#Sound-Proof" records three seconds of the ambient sounds of two devices (e.g. mobile phone and computer) and compares them with each other. In contrast to other solutions, this password procedure does not require the end user to interact with his mobile device, so the mobile phone can remain in his pocket.
This exciting solution, which offers companies an average cost reduction of over 60% and customers an improved user experience, is attractive for the financial sector, e-commerce, e-health as well as the insurance sector. Futurae is already working successfully with financial market leaders and is currently running pilot projects with Swiss banks. After conquering the Swiss markets, its goal is to expand in Europe and the United States over the next few years.
Sandra Tobler, co-founder of Futurae Technologies, is very happy about her success: "Venture Kick is a fantastic program that supports Swiss startups especially in the early stages, where financial support and quality coaching are very crucial. By participating in the Venture Kick program, we were able to fully focus on releasing and marketing our products."
Futurae Technologies' technology on their Website