BehavioSec

regtechauthentication and fraud preventioncompliance

FOUNDING YEAR: 2007
LOCATION: United States
Last Update: 17/07/2020

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About

BehavioSec offers behavioral biometric solutions to create a multi-layered approach for authentication & verification purposes. It provides a continuous authentication platform that leverages behavioral metrics for fraud prevention and customer verification. The algorithm can instantly verify someone on the basis of their interactions with the device.

Focus

PRODUCTS & SERVICES

The flagship product BehavioSense offers features like: Continuous Assessment: The platform analyzes activity right from login to logout and looks at behaviors like keystroke dynamics, touch & mouse motion, and finally compares these parameters with the previous interactions of the same users. It then creates a session ticket and score for the full session. This score is fed to the risk engine to automatically improve security. Intuitive Fraud Prevention: In case of anomalous activity detection, the platform provides a breakdown of the session, thereby minimizing false positives.

REVENUE MODEL

The company earns revenue through a subscription model. The subscription fee is not disclosed

MAIN CLIENTS

Google

DARPA

People

FOUNDERS

Olov Renberg

Peder Nordstrom

BOARD MEMBERS AND ADVISORS

Sami Ahvenniemi

Bjørn Stray

NUMBER OF EMPLOYEES

11-50

INVESTORS:

ABN AMRO Ventures

Cisco Investments

Conor Venture Partners

ForgePoint Capital

Innovationsbron AB

Lunova

Norrlandsfonden

NorthZone

Octopus Ventures

Partnerinvest Norr

PNF venture capital

Trident Capital Cyber

KEY EMPLOYEES:

Neil Costigan(CEO); Olov Renberg(COO)

Momentum

FUNDED

YES

TOTAL FUNDING

$25.1 M

DATE OF LAST FUNDING

Jan 2018

TOTAL FUNDING COMMENT

The company use the fund to expand its global operations and relocate corporate headquarters to the United States(Jan 2018).

SEED & PRIOR FUNDING

$1.44 M

SEED CLOSED ON

May 2011

FUNDING SERIES

SERIES A  · $6.16 M  · Dec 2014

SERIES B  · $17.5 M  · Jan 2018

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2007

LOCATION:

United States

Views:

368 VISITORS | 679 VIEWS
LATEST FUNDING ROUND

$25.1 M

TOTAL EMPLOYEES
11-50

About

BehavioSec offers behavioral biometric solutions to create a multi-layered approach for authentication & verification purposes. It provides a continuous authentication platform that leverages behavioral metrics for fraud prevention and customer verification. The algorithm can instantly verify someone on the basis of their interactions with the device.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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People+
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Innovation Programs

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