OneID Grabs $7M From Khosla & North Bridge To Replace Usernames And Passwords

Fragmentation isn't just a problem reserved for mobile operating systems, it's inherent to our online identities as well. Our digital identities exist in a loose and fragmented consortium of usernames, email addresses, scree names, social media accounts, passwords, and sitekeys. Many have tried to capture the single sign-on holy grail, and most have failed, because as much as we are inconvenienced by fragmentation, no one wants to hand over their personal information to one entity. OneID, a San Jose-based startup founded by a Silicon Valley veteran, believes it can pick up where others have left off. Although it already has some serious tech working in its favor, to help get it over the hump and get the traction it needs, the startup is today announcing that it has closed a $7 million series A round led by Khosla Ventures and North Bridge Venture Partners. Plus, they're adding a new CEO.

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