Clearspeed, a San Diego, CA-based provider of voice analytics technology to assess security and fraud risk, raised $27m in Series C financing.
The round, which brought total funds raised to $50m, was led by investors Ian McKinnon, founder of Sandia Holdings, and Thomas O’Malley Jr., founder of PilotRock Investments, and supported by King Philanthropies, the philanthropic endeavor of Robert and Dorothy King. Thomas O’Malley Jr. of PilotRock and Ian McKinnon of Sandia have been appointed to Clearspeed’s Board of Directors, effective upon closing of the investment. Jeff Williams, Operating Partner at Bain Capital Ventures, will also be joining as an investor and Board Advisor.
The company intends to use the funds for the rapid commercial expansion and delivery of its customer experience and continue to drive an innovative technology roadmap to serve the security and financial services markets.
Led by Alex Martin, Co-Founder and Chief Executive Officer, Clearspeed is a provider of voice analytics technology to assess risk that quickly yielded high levels of assessment precision and accuracy, and pioneered a new method of delivering risk identification and straight-through processing at scale.