TypingDNA, a NYC-based behavioral-biometrics company, raised $7m in Series A funding.
The round was led by Gradient Ventures, with participation from GapMinder, Techstars Ventures and other prior investors.
The company plans to use the funds to expand its developer support network and offer more tools to integrate their API with existing website development platforms.
Led by Raul Popa, CEO and Co-founder, TypingDNA has developed proprietary artificial intelligence algorithms to authenticate users based on how they type. Through a training process of watching user keystrokes, TypingDNA can recognize further attempts from a specific user by matching them against their known account.
This technology, known as typing biometrics, will enable existing applications such as authentication, fraud detection, password recovery, and online education assessment to fingerprint users more securely than traditional forms of two-factor authentication.
Its Authentication API accepts user keystrokes in a standardized and open-sourced format allowing integration into any desktop or mobile application. Developers can implement TypingDNA’s API as a passive two-factor authentication option, password recovery method, or simply to ensure inputs are matched to a given user.
The company’s mobile developer SDK also currently supports the latest version of iOS and Android applications. TypingDNA is currently ACE compliant for verifying students online, and European Banking Authority considers typing biometrics to be compliant for SCA regulation (2FA in banking and payments in EU).
The company previously raised a $1.5M seed round.
FinSMEs
04/01/2020