SecureKey Completes $30M Strategic Investment Round

Although Canada has a perceived issue with regards to a lack of high-growth tech ventures, or funding for them, local Toronto firm SecureKey recently announced a whopper of a deal.

Last year the firm won an RFP for a branded credential service, an Identity Management platform that can provide a streamlined single sign-on access to government services by using the log-in information for other organizations, like your bank.

Following this success the firm has now just announced a $30m venture capital investment, from a powerhouse of a consortium including Intel Capital, VISA, Mastercard, Telus and Rogers.

It`s not a surprise, Cloud Identity is a super hot area, and this ability to sign-on from key trusted providers like your bank is a major foundation in an entire Identity-enabled commerce system.