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Badge

Privacy-preserving authentication platform that derives private cryptographic keys on the fly without storing personally identifiable information or biometric data.

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67/100Incremental Innovator

Overview

Badge Inc. provides a privacy-preserving authentication platform that enables secure application access using biometrics without ever storing personally identifiable information or raw biometric data on a server, using patented cryptography to derive private keys on the fly at the moment of authentication instead. This removes a specific, high-value attack target — the centralized biometric or credential database — that has been the source of major breaches across the industry, since there is no stored secret for an attacker to steal.

Founded by cryptography PhDs from MIT and based in the New Orleans, Louisiana area, Badge has raised $18.1 million across two funding rounds, including a $17.1 million seed/Series A round in February 2026 with investors including Stripe, Synchrony, QED Investors, and General Catalyst. The company integrates with major identity platforms including Auth0, Okta Customer Identity Cloud, and Ping Identity’s DaVinci, and serves healthcare, banking, retail, and services clients, though as a company with fewer than 25 employees and under $5 million in annual revenue, it remains an early-stage vendor by scale despite strong investor pedigree.

Innovation Matrix Assessment

Innovation Velocity 7/10

Built genuinely novel cryptography to eliminate stored biometric/credential secrets entirely, and has secured integrations across several major identity platforms.

Operational Value 6/10

Removes a top-tier breach target (the stored biometric/credential database) from the security equation entirely, rather than just hardening it further.

Market Momentum 8/10

Strong strategic investors (Stripe, Synchrony) back a small, early-stage company with under $5M in annual revenue and fewer than 25 employees — meaningful validation, but limited scale. Recognized in Cyber Defense Media Group's 2026 Global InfoSec Awards (2 awards), independently juried industry validation of market traction.

Category Disruption 6/10

Eliminating stored secrets and biometric data as an architectural principle, rather than adding another MFA factor, is a genuinely different security model.

Real-World Efficacy 5/10

Live integrations with Auth0, Okta, and Ping Identity marketplaces suggest real usage, but independent, large-scale efficacy validation was not found.

Enduring Relevance 8/10

Secretless, privacy-preserving authentication addresses the durable, recurring root cause of many breaches: centrally stored credentials and biometric data.

Why CISOs Should Care

Eliminates the centralized biometric/credential database that is a top target for attackers, since Badge's cryptography never stores the underlying secret in the first place.

What Makes It Different

On-the-fly private key derivation from cryptography that eliminates the need to store any biometric or credential data centrally, rather than better-protecting a stored secret.

The Matrix Verdict

67/100 — INCREMENTAL INNOVATOR

A cryptographically differentiated but still small-scale authentication vendor; Incremental Innovator given strong technical novelty but limited revenue/scale evidence to date.

Editorial Note: Claims vs. Verified Findings

Revenue and employee-count figures are third-party estimates (Caplight); funding and investor details are corroborated by company press releases.

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