Zumigo provides mobile device and location verification to remove passwords from the authentication process. It uses the proximity of a user’s phone to the source of a financial exchange to identify whether the user made a transaction. The company says it will use new funding to step up global presence and accelerate product development. Currently Zumigo has a presence in the United States and India and plans to expand to Europe starting with the United Kingdom. Zumigo is participating in the Wells Fargo Startup Accelerator program. Prior to this round, the company had raised about $1.4 million in earlier funding. Zumigo offers a suite of fully hosted applications and services that provide advanced mobile messaging and location-based services. The company is positioned to serve developers and publishers building context-aware and location-enabled applications. An SEC filing revealed that Zumigo raised $420,000 in funding. The article does not disclose the financing instrument or list participating investors. Leadership cited in the article includes CEO Chirag Bakshi (formerly VP, Wireless Messaging at VeriSign and an early Apple director) and Bill Loller (former VeriSign director of product management), who serves as VP of Marketing & Product Management. TechCrunch added Zumigo to CrunchBase and said it will continue to track the startup.

Total raised

$6M

Funding rounds

2

Latest round

Series B

Latest activity

Aug 2014