Nymi - About the company
Nymi is an acquired company based in Toronto (Canada), founded in 2011. It operates as a Developer of wearable multi-factor authentication solution for passwordless access and security. Nymi has raised $31.8M in funding from investors like Relay Ventures, Konica Minolta and GII. The company has 2366 active competitors, including 375 funded and 235 that have exited. Its top competitors include companies like Scandit, Kairos and Evrotrust.
Company Details
Developer of wearable multi-factor authentication solution for passwordless access and security. The company's offering is designed for use in IT and OT environments. It provides authentication for applications, systems, and networks. The wearable device supports compliance with industry regulations for managing access and electronic signatures.
- Website
- www.nymi.com/
- Email ID
- *****@nymi.com
- Phone Number
- +1 **********
- Registered Address
- 500-82 Peter Street, Toronto, OT M5V 2G5, CA
Key Metrics
Founded Year
2011
Location
Toronto, Canada
Stage
Acquired
Total Funding
$31.8M in 5 rounds
Latest Funding Round
Investors
Ranked
143rd among 2366 active competitors
Employee Count
39 as on Aug 31, 2026
Exit Details
Acquired by Innominds (Apr 12, 2022)
Legal entities associated with Nymi
Nymi is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Nymi Inc. CIN: 20218085101 , United States, Active | Nov 18, 2021 | - | - | - |
Nymi's acquisition details
Nymi got acquired by Innominds on Apr 12, 2022.
Click here to take a look at Nymi's acquisition in detail
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Nymi's funding and investors
Nymi has raised a total funding of $31.8M over 5 rounds. Its latest funding round was a Series C round on Jun 07, 2018 for $*****. 1 investor participated in its latest round. Nymi has 10 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Nymi:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 07, 2018 | 1452352 | Series C | 8488692 | 8918777 | 7629582 | 9925772 |
May 16, 2017 | 4528167 | Series B | 7943657 | 5042214 | 5061256 | |
Sep 24, 2014 | 2752126 | Series A | 9332629 | 7674127 |
View details of Nymi's funding rounds and investors
Nymi's founders and board of directors
Founder? Claim ProfileNymi's employee count trend
Nymi has 39 employees as of Aug 26. Here is Nymi's employee count trend over the years:
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Nymi's Competitors and alternates
Top competitors of Nymi include Scandit, Kairos and Evrotrust. Here is the list of Top 10 competitors of Nymi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Scandit 2009, Zurich (Switzerland), Series D | Developer of smart data capture platform for various industry applications | $273M | 77/100 | |
2nd | Kairos 2011, Miami (United States), Series A | Provider of AI-powered identity verification, document authentication, and biometric solutions | $19.6M | 74/100 | |
3rd | AI based identity verification and e-Signing solution provider | $13.8M | 72/100 | ||
4th | Clear 2010, New York City (United States), Public | Provider of expedited identity verification services for airport security and more | $135M | 71/100 | |
5th | Yoti 2014, London (United Kingdom), Series B | Provider of privacy-focused identity and age solutions | $210M | 71/100 | |
6th | iProov 2011, London (United Kingdom), Series B | Platform offering digital identity verification services | $85.1M | 70/100 | |
7th | Mantra Softech 2006, Ahmedabad (India), Series A | Biometrics-based security and surveillance solutions | $14.2M | 70/100 | |
8th | Provider of digital identity solutions for secure online transactions and signatures | $29.3M | 68/100 | ||
9th | Provider of digital identity verification and authentication solutions for businesses | $341M | 67/100 | ||
10th | Trust Stamp 2015, Atlanta (United States), Public | AI-powered platform focuses on cybersecurity solutions | $9.58M | 66/100 | |
143rd | Developer of wearable multi-factor authentication solution for passwordless access and security | $31.8M | 47/100 |
Looking for more details on Nymi's competitors? Click here to see the top ones
Nymi's Investments and acquisitions
Nymi has made no investments or acquisitions yet.
Reports related to Nymi
Here is the latest report on Nymi's sector:
News related to Nymi
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Nymi integrates Fingerprint Cards sensor in latest multi-biometric wearableBiometricUpdate.com•Mar 19, 2025•Nymi, Fingerprint Cards
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Nymi Launches Next-Gen Wearable Authenticator For Passwordless MFA in OT EnvironmentsBusiness Wire•Feb 04, 2025•Nymi, Innominds
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Körber, Nymi Partner for Secure & Contactless Shopfloor IdentificationContract Pharma•Jul 02, 2024•Nymi, Körber Pharma
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Nymi acquired by Innominds to integrate continuous workplace biometricsBiometricUpdate.com•Apr 13, 2022•Innominds, Nymi, LegaLogic
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Innominds Acquires Nymi, a Leader in Passwordless Workplace TechnologyBusiness Wire•Apr 12, 2022•Innominds, Nymi
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Enterprise biometric solution combines Nymi wearable, G+D access control technologyBiometricUpdate.com•Dec 17, 2021•Nymi, Giesecke+Devrient
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