Prior to Nutanix, Kaddaras held a variety of sales leadership roles spanning a 15-year tenure with EMC. He joined the company in 2016, and during his tenure, led its growth from a $500M to a $1.5B company. Kaddaras most recently served as the Chief Revenue Officer for Nutanix where he played an integral role in shaping the company’s go-to-market strategy in its earliest stages. With 8 patents (2 granted, 6 provisional) and a growing roster of global enterprise customers, Transmit Security delivers seamless and secure identity management experiences across an organization’s entire customer journey. The company aims to lead enterprises into a “passwordless” future, empowering them with device-agnostic authentication developed by the world’s leading engineering talent. Transmit Security is building a new category in security. We couldn’t be more excited for Chris to join us.” “In Chris, we found a sales leader who can see the big picture and design a strategy that helps us identify and solve huge, seemingly intractable security problems for some of the largest institutions in the world. Chris has a proven track record leading world-class sales organizations and building scalable infrastructure that drives substantial revenue growth,” said Rakesh Loonkar, President and Co-Founder, Transmit Security. “As we look toward 2022, Transmit Security is positioned for massive growth across the globe. Bolstered by a recent $543M Series A round of funding, and rapid growth among large enterprise customers, including the world’s leading financial institutions and retailers, Transmit Security has begun to capture a massive global market opportunity solving this pervasive security problem. The rapid shift to remote work spurred by the COVID-19 pandemic, combined with the increasing frequency and sophistication of cybersecurity attacks, has ushered in the need for an entirely new approach to identity management that goes beyond antiquated and inefficient passwords. Kaddaras will oversee all areas of sales, support and success, unifying the company’s ability to create, onboard and delight our customers. Transmit Security is committed to continue making it simpler to manage, maximizing functionality, and provide the best identity experience to millions of users worldwide.įor more information, please visit AVIV, Israel & BOSTON-( BUSINESS WIRE)- Transmit Security, the Identity Experience™ company, announced today it has named Chris Kaddaras as its new Chief Revenue Officer. Identity and access management continue to evolve and become more complex every day. The investment was led by Insight Partners and General Atlantic, with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures. In June 2021, Transmit Security secured $543M in a record-breaking funding round bringing the company’s pre-money valuation to $2.3 billion and marking the largest Series A funding round in cybersecurity history and one of the highest valuations for a bootstrapped company. This game-changing technology is already in use across a diverse range of sectors including, financial services, online retail, healthcare, and insurance. In early 2021, Transmit Security led the way again with the introduction of BindID, the first passwordless authenticator that doesn’t require a user to download an app or install anything on their device. In recent years the company has expanded its reach to new segments with significant customer deployments in retail and healthcare. Organizations such as CitiBank, UBS, and MassMutual are transforming their entire identity infrastructure based on the FlexID orchestration platform. Loonkar, the entrepreneurs and investors behind Trusteer (acquired by IBM), Imperva (IMPV), Palo Alto Networks (PANW), and many other market leading security technologies.īeginning with the invention of the industry’s first cross-channel identity orchestration platform, Transmit Security has engaged and been quickly adopted at scale by some of the largest global financial institutions. Transmit Security was founded in 2014 by Michael (“Mickey”) Boodaei and Rakesh K. Frictionless authentication solution that includes a game changing mobile biometric authenticator.
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