Transmit Security Honored by Goldman Sachs for Entrepreneurship

Rakesh Loonkar, President and Co-Founder, Among 100 Most Intriguing Entrepreneurs at 2021 Builders + Innovators Summit

BOSTON--(BUSINESS WIRE)--Transmit Security, the Identity Experience™ company, today announced that Goldman Sachs (NYSE:GS) has recognized President and Co-Founder Rakesh Loonkar as one of the 100 Most Intriguing Entrepreneurs of 2021 at its Builders + Innovators Summit in Healdsburg, California.

Goldman Sachs selected Loonkar as one of 100 entrepreneurs from multiple industries to be honored at the two-day event.

Rakesh is the President and Co-Founder of Transmit Security where he leads and inspires the sales team, services, support and pre-sales engineering. As an active voice, pioneer and mentor in the cyber industry, Rakesh has personally invested in many promising cybersecurity startups, which have evolved into industry leaders such as Palo Alto Networks, Trusteer and ZScaler. Previously, Rakesh founded OneSecure (acquired by Juniper Networks) and co-founded Trusteer (acquired by IBM).

“I am honored to be recognized by Goldman Sachs. This award is truly meant for the entire Transmit Security team who work tirelessly to provide our customers and the world with the best identity experiences possible by helping customers eliminate passwords. It is very gratifying to see a company like Goldman Sachs recognize our hard work,” said Rakesh Loonkar, President and Co-Founder of Transmit Security.

“Innovation doesn’t happen just anywhere; it thrives where there’s a wide range of thoughts and perspectives,” said David M. Solomon, Chairman & CEO of Goldman Sachs. “One of our great strengths is our ability to bring together people from different walks of life and to spark conversations today that will lead to breakthroughs tomorrow. The leaders we’ve chosen to highlight at our Builders + Innovators Summit are truly remarkable, and we are pleased to recognize Rakesh Loonkar as one of this year’s most intriguing entrepreneurs.”

In addition to honoring 100 entrepreneurs, the summit consists of general sessions and clinics led by seasoned entrepreneurs, academics and business leaders as well as resident scholars.

About Transmit Security

Transmit Security is on a mission to revolutionize the identity experience market. From onboarding to authentication to smart authorization for both customers and workforce across every channel, our technology reduces all forms of identity attrition and saves enterprises substantial costs. Around the world, large enterprises are standardizing on Transmit Security to introduce innovative digital identity journeys. Customers include six of the seven largest financial institutions in the U.S, two of the largest merchants in the U.S., and many financial organizations, merchants and online service providers in Europe, Asia and Latin America. For more information, please visit www.transmitsecurity.com.