Yubico Goes Public #Imaginations Hub

Yubico Goes Public #Imaginations Hub
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{Hardware}-based authentication firm Yubico is now a publicly traded firm on the Nasdaq First North Progress Market in Stockholm. The ticker image? YUBICO.

Yubico’s core product, Yubikeys, are used to implement hardware-based multifactor authentication and additional zero belief initiatives. These {hardware} keys are appropriate with a number of authentication protocols together with FIDO2/Internet Auth, Common 2nd Issue, PIV/Sensible Card, and One Time Password. Yubico additionally presents a YubiEnterprise Companies Program to assist enterprises handle the supply of those keys.

Changing into a publicly traded firm will assist Yubico enter adjoining authentication markets, acquire new clients, and work extra carefully with third-party suppliers, the corporate mentioned again in April, when the intent to go public by a merger with Swedish holding firm ACQ Bure was initially introduced. Going public with additionally permit Yubico to go from having a “simply in time” manufacturing method to offering uninterrupted stock provide, which might make it potential to meet bigger orders, Yubico CEO Mattias Danielsson mentioned in a FAQ discussing the announcement.

Based in 2006, Yubico has raised $88 million in funding. Income was about $151 million in 2022, with a revenue of $24.8 million.

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