Pindrop, an Atlanta, GA-based provider of voice security and authentication solutions, raised $90M in Series D funding.
The round was led by Vitruvian Partners, with participation from Allegion Ventures, Cross Creek, Dimension Data, Singapore-based EDBI, and Goldman Sachs and existing investors CapitalG, IVP, Andreessen Horowitz, GV (formerly Google Ventures) and Citi Ventures.
The company intends to use the funds to boost advancements in consumer IoT and voice technology while continuing to strengthen its anti-fraud and authentication solutions for the global enterprise.
Founded in 2011 by Dr. Vijay Balasubramaniyan, Dr. Paul Judge and Dr. Mustaque Ahamad, Pindrop provides a platform that protect big banks, insurers, and retailers using patented technology that extracts a large amount of intelligence from every call and voice encountered. The solutions detect fraudsters and authenticate genuine customers, reducing fraud and operational costs, while improving customer experience and protecting brand reputation.