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Some say passkeys are clunky — this startup wants to change that
Hawcx, a cybersecurity startup founded in 2023, aims to improve the usability of passkeys with its new passwordless authentication technology. This solution generates private keys for each login session without storing them, addressing portability and user experience issues associated with current passkey systems. The startup has raised $3 million for development and is in talks with banks and gaming companies for pilot programs.
Key points
- Passwords are common but vulnerable to breaches, responsible for one-third of data breaches in the last decade.
- Passkeys offer a more secure alternative, with over 15 billion accounts eligible for their use.
- Hawcx provides passwordless tech that generates instead of storing private keys, addressing passkeys' limitations.
- The startup's technology is compatible with older devices and requires minimal coding to implement.
- Hawcx has raised $3 million in pre-seed funding and is initiating pilot programs with major companies.
Why it matters
- As organizations increasingly prioritize cybersecurity, the shift from passwords to passkeys aligns with 2025 IT trends emphasizing user experience and security.
- The industry is witnessing a push for innovative authentication methods, reflecting a broader movement towards passwordless solutions in response to heightened cyber threat awareness.
Hawcx's innovative approach to passwordless authentication addresses critical usability issues of passkeys. As it seeks validation and partnerships for its technology, its success could significantly influence the adoption of secure authentication solutions across industries.