This is a unique testament to our AI-based security technology and its application to protect digital identities and prevent fraud over the Internet cloud
Boston, MA (PRWEB) December 1, 2008
Delfigo Security, a Boston based venture-backed technology startup has been selected to participate in the 11th Annual MIT Venture Capital Conference. The entrepreneur showcase brings together venture capitalists, rising entrepreneurs, and industry leaders from technology, healthcare, and clean technology.
The company was handpicked from over 100 entries by a selection panel, which consisted of representatives from Flybridge Capital, Globespan Capital, Sequoia Capital, Brown Rudnick, and KPMG, to participate in the conference to be held Saturday, December 6, 2008 at the Charles Hotel in Cambridge, Massachusetts. "This is a unique testament to our AI-based security technology and its application to protect digital identities and prevent fraud over the Internet cloud," said Mr. Ralph A. Rodriguez, President, and CEO of Delfigo Corporation.
Delfigo Security's patent pending technology is the first in the identity and authentication industry to use behavioral characteristics and artificial intelligence based algorithms. No other solution offers this capability in the market today. "Delfigo's next generation solution will help companies lower costs and easily implement multifactor authentication ensuring cloud computing becomes a reality.", said David Baum, a Partner at Stage 1 Ventures in Waltham, MA.
The Delfigo solution is designed with the present needs as well as future of identity and authentication management in mind to prevent the fraudulent use of digital identities. The technology is based on a strong authentication platform using multiple factors such as keyboard biometrics, geospatial metrics, system parameters, and reflective thinking, and uses artificial intelligence concepts to create neural and semantic network based algorithms which assign a unique confidence factor (CF) to user sessions. Based on this CF, users are granted access and permission to specific transactions and/or sessions. The Delfigo solution goes beyond taking into consideration "what you have" and "what you know" to uniquely determine through their patent pending algorithms: Are you who you say you are?, Where will I allow you to go today?, and What will I allow you to do once you get there? In answering these three critical questions, the Delfigo solution addresses the requirements of various regulatory mandates across multiple industries, and provides a user-configurable workflow to ensure strict compliance.
About Delfigo Corporation
Delfigo Corporation d/b/a Delfigo Security, with offices in Boston and at M.I.T in Cambridge, Massachusetts, is a venture-backed software company providing solutions for identity authentication and management. The Delfigo solution provides strong multi-factor, risk-based authentication using a patent pending, artificial intelligence based architecture. In addition to user ID and password, Delfigo leverages keyboard biometrics, geospatial metrics, system parameters, and reflective thinking to provide unique identity assurance for global companies. The Delfigo software reduces risk of identity theft and fraud for enterprises and ensures regulatory compliance, at a reduced total cost of ownership for companies in multiple industries. In addition Delfigo's approach is designed with cloud computing and SaaS needs in mind. To find out more on how you can leverage the Delfigo technology for your enterprise needs, please visit http://www.delfigosecurity.com.
About Stage 1 Ventures
Stage 1 Ventures, LLC is a venture capital firm specializing in investments in early stage companies. The firm seeks to invest in mobile industry, the executable Internet or Software as a service (SaaS), IPTV and Internet video, pay-for-performance marketing and advertising, and security sectors. In mobile industry, it focuses on search and advertising; consumer entertainment, including games, music, and video; content management and distribution; communication, including video sharing, SMS, MMS, and social networking; enterprise and consumer applications; productivity enhancement; and infrastructure supporting all of the above. The firm typically invests in companies that have first demonstrated market enabling IP. Stage 1 Ventures, LLC is based in Waltham, Massachusetts. http://www.stage1ventures.com