BehavioSec, a Stockholm, Sweden, and Palo Alto, CA-based provider of a behavioral biometrics driven continuous authentication platform, raised a $17.5m Series B funding.
The round was led by Trident Capital Cybersecurity with participation from Cisco Investments and ABN AMRO and existing investors Octopus Ventures and Conor Venture Partners. In conjunction with the funding, Alberto Yepez and Ken Gonzalez of Trident Cybersecurity will join BehavioSec’s board of directors.
The company will use the funds to expand global operations and relocate corporate headquarters to the United States.
Led by Neil Costigan, CEO, BehavioSec provides a behavioral analytics platform to prevent fraud or account takeover while also preserving user experience. Having secured billions of transactions for over 40 million users, the company’s patented technology enhances identification and verification of users without relying on clunky tokens or annoying user interventions.
BehavioSec creates digital fingerprints of specific users by combining unique attributes such as keystroke cadence or finger pressure to create a clear picture of a user’s identity while working across mobile devices as well as traditional computers or web browsers.
The company answers the primary question for identity and access management – ‘Are you who you say you are’?
BehavioSec plans to launch new solutions for market introduction in early 2018. These solutions include enterprise authentication solutions, integrated decision intelligence for partner offerings with Gemalto, Vasco, Crossmatch, Nuance and others.
FinSMEs
30/01/2018