Sponsored By

News, news analysis, and commentary on the latest trends in cybersecurity technology.

Yubico Goes Public

The Swedish maker of Yubikeys has merged with special purpose acquisition company ACQ Bure.

Dark Reading Staff

September 20, 2023

1 Min Read
A black hardware authentication key called Yubikey is on the laptop keyboard.
Source: Formatoriginal via Alamy Stock Photo

Hardware-based authentication company Yubico is now a publicly traded company on the Nasdaq First North Growth Market in Stockholm. The ticker symbol? YUBICO.

Yubico's core product, Yubikeys, are used to implement hardware-based multifactor authentication and further zero-trust initiatives. These hardware keys are compatible with multiple authentication protocols, including FIDO2/Web Auth, Universal 2nd Factor, PIV/Smart Card, and One Time Password. Yubico also offers a YubiEnterprise Services Program to help enterprises manage the delivery of these keys.

Becoming a publicly traded company will help Yubico enter adjacent authentication markets, gain new customers, and work more closely with third-party suppliers, the company said back in April, when the intent to go public through a merger with Swedish holding company ACQ Bure was initially announced. Going public will also allow Yubico to go from having a "just-in-time" manufacturing approach to providing an uninterrupted inventory supply, which would make it possible to fulfill larger orders, said Yubico CEO Mattias Danielsson in a FAQ discussing the announcement.

Founded in 2006, Yubico has raised $88 million in funding. Revenue was about $151 million in 2022, with a profit of $24.8 million.

About the Author(s)

Dark Reading Staff

Dark Reading

Dark Reading is a leading cybersecurity media site.

Keep up with the latest cybersecurity threats, newly discovered vulnerabilities, data breach information, and emerging trends. Delivered daily or weekly right to your email inbox.

You May Also Like


More Insights