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Stage

Corporate Minority | Alive

Total Raised

$1.02M

Last Raised

$1.02M | 6 yrs ago

About Forticode

Forticode specializes in security solutions that have the potential to eradicate fraud and identity theft across any problem space where a system or user is required to authenticate. Cipherise is a solution that counteracts the growing trend of identity theft and fraudulent activities by preventing fraud before it happens, rather than detecting it after it has occurred.

Headquarters Location

Level 7, 22 William Street

Melbourne, Victoria, 3000,

Australia

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Expert Collections containing Forticode

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Forticode is included in 1 Expert Collection, including Cybersecurity.

C

Cybersecurity

6,702 items

These companies protect organizations from digital threats.

Forticode Patents

Forticode has filed 5 patents.

The 3 most popular patent topics include:

  • Computer access control protocols
  • Computer network security
  • Cryptographic protocols
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/17/2017

5/25/2021

Computer network security, Password authentication, Authentication methods, Computer security, Cryptographic protocols

Grant

Application Date

3/17/2017

Grant Date

5/25/2021

Title

Related Topics

Computer network security, Password authentication, Authentication methods, Computer security, Cryptographic protocols

Status

Grant

Latest Forticode News

ANU to go passwordless

Mar 10, 2022

ANU to go passwordless Primes Forticode’s Cipherise for 2022 rollout. The Australian National University is preparing to ditch passwords and usernames for biometrics in a bid to make accessing systems more secure and convenient for its 26,000 students and staff. Amid growing cyber security risks, the university will shortly roll out Cipherise, an app that leans on the native biometric token in a person’s smartphone for bi-directional authentication. The app, which was developed by Melbourne-based cyber security startup Forticode, is expected to eventually become the default method of authentication across the university. The planned rollout is part of an extensive cyber security uplift that began after two significant cyber attacks, one of which saw 19 years of data accessed by an unknown hacker . Under the information security program, which kicked off in January 2020, it has been hardening its network, including by expediting the rollout of MFA. “We have implemented several MFA solutions to protect our systems but are now moving towards a more unified model,” a spokesperson told iTnews. “We recognise users can inadvertently use unsafe password practices simply because passwords can be difficult and counter institutive. “Therefore, ANU has made the decision to make a generational shift and adopt a passwordless model.” Once set up, the Cipherise app – which will initially be voluntary – will be used to access ANU systems by students and staff scanning a QR code on the login page. They will then be prompted to perform a biometric check using their face or fingerprint – depending on the functionality of the device used – stored on their phone. While the exact timeframe for the rollout remains unclear, ANU expects to use a phased approach to “ensure the best possible experience” for students and staff. “We will be releasing functionality and system integration in an incremental manner, underpinned by rigourous testing and consultation with our users,” the spokesperson said. When all systems have been onboarded, it is expected the app will become mandatory for all 22,000 students and 4000 staff to access ANU systems. ANU is currently “working on functionality and customisations to ensure seamless integration” on the app – one of the reasons it settled on Cipherise. “ANU chose Cipherise with Forticode and tailored implementation by co-designing it to our very diverse and dynamic environment,” the spokesperson said. Cipherise also aligns with the information security program’s goal to “help build sovereign capability – in line with the nation building mission of the university," the spokersperson added.

Forticode Frequently Asked Questions (FAQ)

  • Where is Forticode's headquarters?

    Forticode's headquarters is located at Level 7, 22 William Street, Melbourne.

  • What is Forticode's latest funding round?

    Forticode's latest funding round is Corporate Minority.

  • How much did Forticode raise?

    Forticode raised a total of $1.02M.

  • Who are the investors of Forticode?

    Investors of Forticode include Pronto Software.

  • Who are Forticode's competitors?

    Competitors of Forticode include ForgeRock and 5 more.

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Compare Forticode to Competitors

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SecurEnds is an identity security software company born in the cloud, offering modern identity governance & administration (IGA) capabilities for on-premise, cloud, and SaaS applications.

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Omada is a provider of adaptable identity management and access governance solutions. Omada Identity Suite is an enterprise solution for integrated identity and access management, identity governance, and compliance. Omada Identity Suite provides identity and access management and governance processes that easily adapts to changes in the business – and that is built on the Microsoft platform for easy adoption into existing IT infrastructures.

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SailPoint

SailPoint (SV7:FRA) provides an identity security cloud platform that discovers, manages, and secures identities and access. Through its AI-driven intelligence, SaaS-based security, cloud access management, file access management, password management, and real-time access risk analysis it enables the enterprises to gain complete access visibility to all their systems. The company was founded in 2005 and is based in Austin, Texas. In August 2022, SailPoint was acquired by Thoma Bravo at a valuation of $6.9B.

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SPHERE

SPHERE is a cybersecurity company that provides software and services for access governance across data, platforms, and applications. It offers technology-enabled managed services, identity and access management, privileged account detection, active directory governance, unstructured data services, and more. The company was founded in 2009 and is based in Newark, New Jersey.

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Silverfort

Silverfort provides a unified identity protection platform for consolidating security controls across corporate networks and cloud environments to block identity-based attacks. It monitors all access of users and service accounts, analyzes risks in real-time using artificial intelligence (AI)-based engines, and enforces adaptive authentication and access policies. The company was founded in 2017 and is based in Tel Aviv, Israel.

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QuickLaunch

QuickLaunch offers AI-driven identity and integration platform-as-a-service (IDaaS and iPaaS) that enables human and device authentication, authorization, access control, and integration. The company is headquartered in Miami, Florida.

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