Privakey locks down patent for 'a password-free future' - Technical.ly Philly

Business

Dec. 7, 2017 9:10 am

Privakey locks down patent for ‘a password-free future’

The Center City company has a staff of 11.

Privakey CEO Charles Durkin pitching his company's tech at Finovate in New York.

(Photo courtesy of Jenna Bascom Photography)

Center City-based Privakey, makers of an authentication software that aims to remove the need for passwords, announced it locked down the main patent for its system.

Under patent number 9,813,400, the company secured ownership of the tech that drives its password-free digital identity service.

The Privakey software works by “binding” user identities to their devices, through which people can then “tap-in” to access Privakey-enabled applications and online services, without using passwords. For higher-risk sites, like banking or healthcare, the platforms allow for two-factor authentication.

“Our technology enables a password-free future, where consumers will no longer suffer the hassles and insecurities of using passwords for their multitude of connected services,” said CEO Charles Durkin.

The company was founded in 2016 and has a staff of 11 based out of Center City.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

A Philly fintech company is #5 on this year’s Inc. 5000 list

Here are the changes coming to this year’s Philly Music Fest and Tech Tour

Philly startups need more early-stage investments to compete

SPONSORED

Philly

Meet these 10 hiring companies at Super Meetup

Philadelphia

Perpay

UX Designer

Apply Now
Chesterbrook, PA

Deacom

Inside Sales Representative

Apply Now
Horsham, PA

Penn Mutual

Product Owner/Business Transformation Specialist

Apply Now

Philly Startup Leaders just launched a new website and plans for a resource center

How Guru is growing fast by taking it slow

realLIST 2019: Where are Philly’s top startups now?

SPONSORED

Philly

Verizon is looking for the brightest ideas on how to use its 5G technology

Center City

Inspire

Member Experience Specialist

Apply Now
Philadelphia, PA

Perpay

Frontend Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!