News : Pindrop Raises Funds to Expand Voice Biometrics Anti-fraud Technology
Atlanta, GA, USA, Jan 29, 2016 -- Voice biometrics-based anti-fraud firm Pindrop Security has raised money in a Series C funding round, which it plans to use to expand internationally and increase its investments in research and new product development, according to a report by Techcrunch.
Led by Google Capital, the round also included investors Google Ventures, Citi Ventures, and Felicis Ventures, as well as Andreessen Horowitz and Institutional Venture Partners, who led Series A and Series B rounds, respectively.
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Pindrop’s Call Center Anti-Fraud solutions protect businesses against fraudulent attacks by analyzing phone calls to identify malicious behavior and verify legitimate callers.
The company is also working on establishing operations in Latin America, after which it plans to move to Asia Pacific in late 2016.
Posted by Veronica Silva Cusi, news correspondent
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Pindrop Security provides enterprise solutions to secure phone and voice communications. Pindrop solutions reduce fraud losses and authentication expense for some of the largest call centers in the world. Pindrop’s patented Phoneprinting™ technology can identify, locate and authenticate phone devices uniquely just from the call audio thereby detecting fraudulent calls as well as verifying legitimate callers. Pindrop has been selected by the worlds largest banks, insurers, brokerages and retailers, detecting over 80% of fraud, even for attackers never seen before. Our solutions are allowing our customers to reduce call time and improve their customers experience even while reducing fraud losses. Pindrop is restoring confidence in the security of phone-based transactions.
Published: Monday, February 1, 2016
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