Member Resonant Ventures was part of a recent Wall Street Journal story with portfolio company Duo Security. Google Ventures led the $5 million Series A round for the technology.
Resonant Ventures’ Jason Townsend explained the technology. “If your username and password combo for any website was hacked or stolen, thieves could be accessing your account and causing havoc without you knowing it. Duo’s service puts another layer of protection on your accounts. Once your enter your [info] on a site, Duo asks you to approve the login via your cell phone, by hitting ‘Approve’ or ‘Deny.’ If a thief has your login credentials, they will no longer be able to do anything because you would simply deny the requests.”