Axiad Holdings, a leading cloud-based passwordless authentication platform, announced today that it has raised its first outside financing with a $20 million growth round from Invictus Growth Partners.

Axiad is a trusted identity cloud platform provider for global enterprises and government organizations. Axiad was founded by industry experts with extensive backgrounds in developing, deploying, and managing identity and access management solutions. Axiad was founded in 2010 and is headquartered in Santa Clara, CA.