ID startup JanRain raises $3.25M |
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ID startup JanRain raises $3.25M
One of the most vexing problems on the Internet remains the challenge of trying to remember passwords every time you visit a new Web site. JanRain is hoping it has the technological solution to help computer users overcome that challenge. And the Portland company -- which has been developing online identity technologies for the past four years -- has just scored $3.25 million in fresh capital to push the idea forward.
JanRain's software offering, RPX, allows visitors to Web sites log in with their Facebook, Google, Yahoo!, Twitter, MySpace, AOL, Hotmail, Windows Live ID and other OpenID accounts. The company says the authentication system can be integrated with a Web site's registration system within hours.
The software-as-a-service ranges in price from free -- for limited functionality -- to an annual subscription of $500 a year. That premium offering includes address book imports, social media tools, additional support and other features.
To date, the company says that the RPX software has been used on more than 170,000 Web sites. Those sites include Sears, Kmart, FOX News, Tribune Interactive, Get Satisfaction and Wetpaint.
“JanRain is revolutionizing the online identity space for the benefit of website operators and consumers,” said DFJ's David Cremin who is joining the company's board. “Like Akamai did with CDNs and Salesforce did with CRM, JanRain is fundamentally changing online identity management, making registration, login, and user data management dramatically more intuitive and convenient.”
JanRain is led by Brian Kissel, a former executive at CheckFree, Paraform and Oblix. All have those companies have been acquired -- CheckFree by Fiserv; Paraform by Metris and Oblix by Oracle.
The deal was led by DFJ Frontier, and included capital from RPM Ventures and Anthem Venture Partners.
John Cook is co-founder of TechFlash. Follow on Twitter @johnhcook.
About John Cook
John Cook is co-founder and executive editor of TechFlash. He has been covering the technology beat for nearly a decade, writing about startups, entrepreneurs and venture capital, most recently serving as a reporter/blogger at the Seattle Post-Intelligencer.
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