OneID Raises $7 Million in Series A Funding

OneID announced it has raised $7 million in funding led by Khosla Ventures and North Bridge Venture Partners, and names a new CEO.

“Today’s investment culminates a year of work by our executive in residence, Alex Doll, to investigate innovative approaches to address the digital identity problem. His experience building successful companies, combined with founder Steve Kirsch’s vision gives us great confidence,” said Vinod Khosla, Founder of Khosla Ventures. “We’re looking forward to seeing leading sites adopt the OneID service and make it available to millions of customers this year. We believe OneID will attract the most forward-thinking businesses to offer a more secure alternative to the way we sign in to sites and share personal information.”

In addition to single sign-on support, 'OneID CheckOut' provides wallet-like payment functionality. More information is available at www.oneid.com.