Darwinium, a San Francisco-based startup focused on customer protection, has raised $10 million in a seed funding round led by Blackbird and Airtree, with participation from prominent angel investors.
The security and fraud prevention firm’s platform identifies bad behavior in real time by continuously assessing users’ digital interactions across websites, applications, and APIs.
Darwinium says it takes a new approach to customer protection by combining internal cybersecurity tools with fraud-prevention tools, in a single view. The startup aims to prevent account compromise and online fraud by bringing together previously disjointed security controls.
Operating at the perimeter edge, Darwinium’s solution identifies bad behavior and automates remediation by building ‘signatures’ for digital interactions and across digital journeys, turning behavior into identity.
The company says its solution has already been adopted by organizations in the banking, ecommerce, gaming, payments, and travel sectors.
Darwinium plans to use the funding for product and customer expansion.
“Protecting your customers must be about continuously scrutinizing their digital journey and behavior, rather than a point-in-time evaluation. It requires a joined-up system that allows proper collaboration between digital security and fraud via one singular view,” Darwinium CEO and founder Alisdair Faulkner said.
Faulkner also founded ThreatMetrix, a fraud detection firm that was acquired for $817 million in 2018.