Press release

Plurilock Receives Funding to Further Develop Passwordless Authentication Technology

VICTORIA, BRITISH COLUMBIA—Plurilock Security Solutions, Inc., a leading provider of invisible and continuous authentication technologies for enterprises, this week announced that it will receive advisory services and funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) for a research and development project.

The funding provides Plurilock with up to CAD$120,000 to support the development of advanced passwordless authentication technologies that can be used in commercial, enterprise, and highly regulated cybersecurity environments.

The funding will support Plurilock’s passwordless authentication initiative, which is designed to eventually enable users to log in to computing environments and systems without having to perform login steps of any kind—no usernames, passwords, USB insertions, or fingerprint and face scans.

“This non-dilutive funding supports our current research and development goals at Plurilock,” says Ian L. Paterson, CEO of Plurilock. “The behavioral biometrics and machine learning technologies at the heart of Plurilock products have always logically pointed toward a passwordless experience, and we’re excited that support from NRC IRAP will enable our effort to ultimately bring that experience to market.”

Paterson says that when mature, the technology will enable enterprise users to enjoy a work life that is largely free of login prompts, the need to enter passwords, to carry dedicated authentication devices, or to perform other authentication steps. Instead, devices that users already regularly interact with will simply recognize them by monitoring the many sensors and other kinds of interactive data that current computing devices generate at all times during use.

The work supported by NRC IRAP will leverage Plurilock’s existing expertise in behavioral biometrics and invisible authentication, expanding these capabilities significantly to fill the market need for true passwordless authentication solutions.

About Plurilock

Plurilock is a cybersecurity company that provides advanced and continuous authentication for standards and regulatory compliance. Plurilock’s software leverages state-of-the-art behavioral-biometric, environmental, and contextual technologies to provide invisible, adaptive, and risk-based MFA solutions with the lowest possible cost and complexity. Plurilock enables organizations to compute safely—and with peace of mind.

For more information, visit https://www.plurilock.com.