Fyde, a Palo Alto, CA-based provider of a platform for securing the modern device-driven life, raised $3m in seed funding.
The round was led by Draper Nexus and Vertex Ventures.
Led by founder and CEO Sinan Eren, Fyde provides free Apple iOS app that defends consumers against phishing, smishing, vishing and account takeover attacks. The Fyde app intercepts phishing, smishing, vishing or online account takeover attacks on mobile devices in real-time, neutralizing threats. It uses machine learning techniques combined with human analysis to differentiate between authentic and risky links and messages, protecting consumers across all platforms, including iCloud, social media and online banking.
Fyde offers additional features such as banking session protection, text/voice protection and breach reports to cover the full spectrum of mobile risk factors.
With session protection, it scans the device and the network to ensure the session is safe and secure. Text/voice protection filters fraudulent text messages and phone numbers to thwart unwanted and abusive senders. Breach reports allow users to be alerted to a breach of a frequented app or website on their mobile device — even if the breach happened months ago.
Fyde is currently available on Apple iOS, with an Android version scheduled for release later this year.
The company has an additional office in Porto, Portugal.