SecureKey Technologies raises $27 mln from Canada's top banks

Identity authentication solutions provider SecureKey Technologies Inc has raised $27 million in follow-on funding. The round's backers include the Bank of Montreal, Bank of Nova Scotia, CIBC, Desjardins, Royal Bank of Canada and TD Bank. They are partnering with the company to accelerate the commercial rollout of a privacy-enhancing digital identity network. Toronto-based SecureKey also announced that Founder Greg Wolfond has returned as CEO to oversee the initiative. SecureKey has previously raised funds from venture capital firms, including Blue Sky Capital and Rogers Venture Partners, which led its $19 million round in early 2015.

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