What does Riptides do?
Riptides is a Budapest startup that offers machine-to-machine security services by replacing traditional API keys, tokens, and passwords with cryptographically verifiable identities that are automatically issued and rotated.
How much did they raise?
The company raised $3.3M in a Pre-Seed round led by PortfoLion Capital Partners and KAYA VC, marking an important early-stage investment in its innovative security technology.
What are their plans for the money?
Riptides plans to use the funds to drive product development, invest in security research, and establish early design partnerships, paving the way for more secure and automated authentication processes between agents and workloads.
What have they achieved so far?
The startup has already made progress by developing a system that automates the issuance and rotation of secure identities, reducing reliance on static secrets and manual credential management.
