BioCatch

regtechauthentication and fraud preventionartificial intelligence/machine learning

FOUNDING YEAR: 2011
LOCATION: United States
Last Update: 01/05/2020

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About

BioCatch is a digital identity company that delivers behavioral biometrics, analyzing human-device interactions to protect users and precious data. Founded in 2011 by experts in neural science research, machine learning and cybersecurity, BioCatch is used by banks and other enterprises to reduce online fraud and protect against cyber threats, without compromising user experience. With an unparalleled patent portfolio and deployments at major companies worldwide that cover tens of millions of users to date, BioCatch has established itself as the industry leader for behavioral biometrics.

MEDICI Analysis

BioCatch provides a behavioral authentication and threat detection solutions for the Web and mobile applications.BioCatch's cloud-based software that collects and analyzes more than 500 cognitive parameters to generate a unique user profile.BioCatch's Fraud Detection solution uses behavioral biometrics to detect, in real-time, when fraudsters use stolen or synthetic personal information to create a new account. BioCatch aims to fight the next generation of cyber threats by focusing on the behavior of the fraudster as opposed to adding new endpoint security layers.

Focus

PRODUCTS & SERVICES

Multi-factor authentication using behavior biometric technology. Authentication and Malware Detection solutions for e-commerce, payments, banks & finance institutions. Its platform can address a wide range of threats at login and beyond by identifying malware, robotic activity, social engineering (phishing, etc.) and other cyber threats.

MAIN CLIENTS

Banks

Payments

Ecommerce firms.

EXISTING PARTNERSHIPS

Early Warning - provide fraud prevention services for FI's

COMMENT

Behavioral Biometrics makes online businesses safe and more readily available. With less fraud and less user friction, organizations can feel confident that they are providing their customers with increased security and a positive user experience. BioCatch protects over 33 Million global banking customers from online fraud. Additionally, BioCatch monitors over one billion transactions per month to detect behavioral anomalies.

People

FOUNDERS

Benny Rosenbaum

Avi Turgeman

Avi Turgeman (CTO)

Uri Rivner (CCO)

BOARD MEMBERS AND ADVISORS

Jay Mandelbaum

Howard Edelstein

Avi Turgeman

Matthew Kinsella

Daniel Frankenstein

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

Howard Edelstein (CEO)

Paul Mattison (CFO)

Gadi Mazor (COO)

Frances Zelazny (CMO)

Momentum

FUNDED

YES

TOTAL FUNDING

$48.1 M

DATE OF LAST FUNDING

Mar 2018

TOTAL FUNDING COMMENT

The company is planning use the fund to redefining its digital identity and to enabling renewed trust in online interactions (March 2018).

SEED & PRIOR FUNDING

$1.6 M

SEED CLOSED ON

Sep 2013

FUNDING SERIES

SERIES A  · $16.5 M  · Jun 2014

SERIES B  · $30 M  · Mar 2018

LISTED

NO

Innovation Programs

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