Veridium

About Veridium

Veridium operates within the cybersecurity sector, specializing in phishing-resistant, multi-factor authentication (MFA) to support enterprise-level, zero-trust security frameworks. Founded in 2013 and headquartered in London, the company provides a software-based platform designed to replace traditional security methods like passwords, tokens, and PINs.

The company's core offering is the VeridiumID platform, which integrates with an organization's existing applications via a mobile SDK. This platform provides a suite of biometric authenticators, including facial recognition, contactless fingerprint scanning (4 Fingers TouchlessID), and AI-driven behavioral biometrics. It also supports FIDO-compliant methods like passkeys and physical security keys such as YubiKeys, alongside options like verified push notifications and QR codes. This layered approach allows for continuous and risk-based authentication, ensuring the user is legitimate throughout their session. The system is designed to be deployed on-premises, in the cloud, or in a hybrid environment, offering flexibility to its clients. Veridium's business model is centered on providing these authentication solutions to large enterprises, particularly in the finance, healthcare, and government sectors, aiming to reduce fraud and lower the total cost of ownership compared to traditional MFA solutions.

Veridium's leadership has seen some changes over the years. James Stickland served as CEO from 2016 to 2020, bringing extensive experience from senior roles at HSBC, JP Morgan Chase, and CISCO. The current CEO is Todd Shollenbarger, formerly a partner at the law firm White & Case, and the company's chairman is Adnan Chaban, who has a background in building and expanding companies globally. John Spencer, an IT executive with prior experience at Citrix, previously served as Chief Product Officer before becoming CEO. In 2018, Veridium secured a significant $16.5 million in a Series B funding round led by entrepreneur Michael Spencer, with participation from Citrix and financial executive Michael Powell. This funding was intended to accelerate product development and expand sales and marketing infrastructure across the Americas, Europe, and Asia.