Haventec

What Haventec does

Haventec is a privately held Australian cybersecurity company founded in 2015 and headquartered in Sydney, with a North American presence added in 2021. It builds decentralised authentication and secure data-storage products targeted at organisations in financial services, government, healthcare and education — sectors where credential theft, phishing and central-store data breaches create material regulatory and reputational risk. The company's engineering centre of gravity is its internationally patented Rolling Key technology, in which dynamic single-use public and private keys are regenerated for every authentication event and private keys are reconstructed just-in-time at the point of authentication rather than stored on device or server; this architecture is designed to be quantum-resistant and to make both endpoints low-value targets for attackers.

Haventec's product portfolio is structured as a platform-plus-modules stack. The core engine, Haventec Authenticate, is delivered as a SaaS-based CIAM offering or as standards-based integration into existing IAM infrastructure via OIDC, SAML, RESTful APIs and SDKs (with named integrations into Microsoft Azure AD B2C, Auth0, OKTA, Ping Identity and ForgeRock). Sub-products built on the same engine include Haventec Silent MFA for frictionless background multi-factor authentication, Haventec Passwordless Authentication for PIN- or biometric-only sign-in, Haventec Sanctum for decentralised storage with single-use re-encryption per transaction, and Haventec eHealth Consent for healthcare consent workflows. Supporting modules are Haventec Connect (OIDC orchestration) and Haventec Console (administrative control plane).

The business model is per-user SaaS subscription pricing billed annually on an active-user basis, supplemented by professional services for enterprise implementation and integration. Go-to-market is direct enterprise field sales to large organisations in the named priority verticals, supplemented by a partner ecosystem covering technology vendors, system integrators, resellers and MSSPs and by FIDO Alliance / Microsoft ISV memberships that provide ecosystem credibility. Capital structure consists of an $11 million raise in December 2021 led by Macquarie Group and Future Now Capital, used to fund US expansion and vertical growth in regulated industries.

Name

Haventec

Legal name

Haventec Group Services PTY LTD

Website

https://haventec.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Haventec is a Sydney-based cybersecurity company that provides decentralised passwordless authentication, silent multi-factor authentication and secure data-storage products built on patented Rolling Key cryptography, serving financial services, government, healthcare and education customers in Australia and the US.

Ownership category

akta.pro rank

Product category

Customer Identity and Access Management (CIAM)

NAICS

Software Publishers (5132), Security Systems Services (except Locksmiths) (561621)

akta.pro primary industry

Authentication (MFA/Passwordless/Biometrics) Platforms (BPAMAEAE)

akta.pro secondary industry

Decentralized Identity (DID) & Verifiable Credentials (BPAMAEAJ)

Keywords

• Passwordless authentication
• Multi-factor authentication
• Customer identity management
• Decentralized data storage
• Biometric authentication

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Haventec Authenticate (CIAM-as-a-Service): SaaS-based customer identity and access management platform sold on a per-user pricing model. Simple, predictable and scalable pricing structure. Licensed on active user basis that scales as business grows.
2. Professional Services: Implementation and consulting services for enterprise deployments, including integration support and ongoing account management.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Haventec builds and sells a decentralised customer authentication and data protection software stack, headlined by Haventec Authenticate - a customer identity and access management (CIAM) platform powered by patented Rolling Key cryptography that delivers passwordless login, silent multi-factor authentication, and decentralised secure storage. Commercial offerings include Haventec Silent MFA, Haventec Passwordless Authentication, Haventec CIAM-as-a-Service, Haventec Sanctum secure storage, and the Haventec eHealth Consent healthcare extension, sold primarily to enterprises in financial services, government and healthcare.

Product overview

Haventec offers a unified platform-plus-modules architecture centred on its core Haventec Authenticate engine, which is powered by internationally patented Rolling Key cryptography. The portfolio consists of two primary sub-products built on this engine: Haventec Silent MFA for seamless multi-factor authentication without user friction, and Haventec Passwordless Authentication for eliminating passwords entirely. Haventec CIAM delivers these capabilities as a SaaS-based customer identity and access management service. Haventec Sanctum provides secure decentralised data storage by deconstructing and distributing data across multiple locations with single-use encryption keys. Haventec eHealth Consent extends Sanctum and Authenticate to the healthcare sector for secure consent management. Supporting modules include Haventec Connect (OpenID integration/orchestration) and Haventec Console (admin management). Together these products enable organisations to achieve passwordless, high-assurance authentication while decentralising and protecting sensitive data.

Differentiator

Problem solved

Functional benefit

Brands

• Haventec Authenticate: Decentralized authentication engine powered by internationally patented Rolling Key technology for passwordless authentication.
• Haventec Sanctum
• Haventec Silent MFA
• Haventec CIAM
• Haventec eHealth Consent

Products and services

• Haventec Authenticate Haventec Authenticate is a decentralised authentication engine that eliminates passwords and enables safe, simple and secure access for customers, citizens and employees. It is powered by internationally patented Rolling Key technology consisting of dynamic, single-use public and private keys, and is sold to enterprises that want passwordless customer or citizen authentication.
• Haventec Silent MFA High-assurance multi-factor authentication solution that adds seamless MFA protection to existing authentication workflows without requiring customers to switch devices, enter one-time PINs, or use authenticator apps, tokens, or QR codes. It is targeted at organisations that need MFA coverage where users do not have second devices or authenticator apps available.
• Haventec Passwordless Authentication Genuinely passwordless authentication solution that eliminates the need for UserIDs and shared secrets, enabling users to authenticate using a 4-digit PIN or biometric factors against rolling cryptographic keys. It is positioned for enterprises and IAM teams wanting to remove password-based breach risk from their customer, citizen or employee login flows.
• Haventec CIAM A SaaS-based Customer Identity and Access Management (CIAM) platform that provides passwordless and secure-by-default authentication, reducing operational costs and enhancing customer experience without passwords or cumbersome MFA. It is sold to enterprise buyers on per-active-user annual licensing that scales with usage.
• Haventec Sanctum An innovative secure decentralised storage solution that deconstructs valuable information into multiple distinct and scrambled parts, decentralises the fragments across multiple locations, and changes keys and re-encrypts data for every transaction. It is targeted at merchants, health providers and other organisations that need to protect sensitive data such as payment card or health records without holding plaintext copies.
• Haventec eHealth Consent A cyber-secure digital health consent platform enabling patients to securely store, consent to, and share personal health information while maintaining complete control over who can access their data, supporting HIPAA, GDPR and Australian Notifiable Data Breach scheme compliance. It is targeted at healthcare providers, hospitals and health-tech companies that need patient-controlled consent and data sharing.

Quantifiable outcome

• Trusted to secure over 1,000,000 identities
• +5 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Six partnerships are on record, tiered strategic, core and minor.

• FIDO AlliancestrategicTechnology or Integration · 1 February 2022Associate member of the international industry association with a focused mission to create authentication standards which reduce the world's over-reliance on passwords. Haventec joins over 250 companies working to educate markets on strong authentication.
• Microsoft Azure AD B2C ISV Partner NetworkstrategicTechnology or Integration · 1 February 2022Part of Microsoft's ISV partner network for Azure Active Directory B2C, providing customers more choice to build seamless and secure authentication experiences. Enables integration of Haventec Authenticate with Microsoft identity platforms.
• IDEMIAcoreStrategic or Co-development Partner · 1 January 2022Global leader in Augmented Identity partnered with BAXE and Haventec to launch the first decentralized blockchain ecosystem using facial authentication in Australia. Haventec's platform integrated into IDEMIA's Identity Management platform.
• BAXEcoreTechnology or Integration · 1 January 2022Australian FinTech partnered with IDEMIA and Haventec to launch DeFi ecosystem. BAXE uses Haventec Authenticate platform for two-factor authentication within the ecosystem including facial authentication via self-taken photo.
• Optus Macquarie University Cyber Security HubminorStrategic or Co-development Partner · 1 January 2021Academic research partnership with Professor Dali Kaafar, Executive Director of the Optus Macquarie University Cyber Security Hub. Focus on data security and privacy research, privacy-preserving technologies, and trustworthy secure machine learning.
• 23StrandscoreStrategic or Co-development Partner · 1 January 2020Healthcare technology partner for eConsent for Genomics project. 23Strands operates in the genomics and precision medicine space. Haventec developed joint governance structure to oversee the 12-month project delivering cyber-secure digital health consent solution.

Scale indicators4 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Beyond Identity: Beyond Identity delivers passwordless MFA using device-bound credentials and biometric authentication. It competes head-to-head with Haventec's passwordless and Silent MFA offerings in enterprise and consumer identity deployments.
• HYPR: HYPR is a passwordless MFA platform focused on phishing-resistant authentication for the enterprise. It directly competes with Haventec Silent MFA on the frictionless, high-assurance MFA use case.
• Transmit Security: Transmit Security offers passwordless authentication, identity verification, and fraud prevention for enterprise and consumer applications. It is a direct competitor to Haventec Authenticate in the passwordless CIAM space.
• Yubico: Yubico provides hardware-backed strong authentication (YubiKey) and software-based MFA. As a FIDO Alliance member and adjacent passwordless/MFA provider, it competes with Haventec in the high-assurance authentication category.
• Auth0 (Okta): Auth0 is a CIAM platform (now part of Okta) focused on developer-friendly authentication and is named as a Haventec integration partner. It serves overlapping customer segments in financial services and digital-native enterprises.
• Ping Identity: Ping Identity delivers enterprise-grade CIAM and workforce IAM with passwordless and MFA capabilities. It is listed as a Haventec integration partner and serves the same financial services, government, and healthcare verticals.
• ForgeRock: ForgeRock provides identity and access management for enterprise and consumer use cases, including passwordless authentication. It is named as a Haventec integration partner and competes for similar large-organization CIAM deals.
• Okta: Okta is a leading identity and access management platform offering CIAM, MFA, and passwordless authentication. It directly competes with Haventec Authenticate across enterprise customer use cases and is explicitly listed as an integration target.

Broad incumbents

• Microsoft Entra ID (Azure Active Directory): Microsoft Entra ID is the dominant enterprise identity platform and an ISV partner channel for Haventec. Microsoft offers overlapping passwordless and MFA capabilities as part of a much broader cloud productivity and security portfolio.
• RSA Security: RSA Security is an established provider of identity, authentication, and fraud-prevention solutions used by large enterprises and government agencies. It competes in the same MFA and authentication markets but as part of a broader security portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/haventec
• YouTubeyoutube.com/channel/UCnfDqRQEqXGJ6_wfFm6FV8g
• LinkedInau.linkedin.com/company/haventec-pty-ltd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Haventec