Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Typing Biometrics Provider TypingDNA Raises $1.5 Million

Behavioral biometrics solutions provider and Techstars-backed company TypingDNA has raised $1.5 million in seed funding.  

Behavioral biometrics solutions provider and Techstars-backed company TypingDNA has raised $1.5 million in seed funding.  

Coming from European venture firm GapMinder Venture Partners and international investors from the United States, United Kingdom, and European Union, the funding will be used to expand presence in the financial and enterprise sectors, the company says. 

The financing round also saw participation from previous investor Gecad Ventures, Techstars NYC alumni and mentors fund, angel investors with expertise in banking, financial services, enterprise, AI and cybersecurity, as well as founders of hypergrowth startups DataDog, WayUp and UiPath.

Established in 2016 in Romania by entrepreneur and data scientist Raul Popa, the software-as-a-service (SaaS) company has clients in the U.S. and Europe. 

TypingDNA works directly with banks and other financial service providers to improve online fraud detection. Last year, the company also began collaborating with identity access management (IAM) providers and security companies. 

Called typing biometrics, the company’s technology is meant to recognize people based on the manner in which they type, both on desktop keyboards or mobile devices, and to provide passive authentication and frictionless two-factor authentication.

“We are now setting new standards in the industry. Our goal is to be the number-one provider of typing biometrics technology. We are focused on striking more partnerships with major players in identity, authentication, two-factor authentication (2FA) and fraud prevention,” Popa said. 

Related: Rate of Cybersecurity Venture Funding Not Sustainable, Investors Say

Advertisement. Scroll to continue reading.

Related: Cloud Security Firm Aporeto Raises $20 Million

Related: Cloud Security Firm Sonrai Emerges From Stealth With $18.5 Million

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.

CISO Strategy

Okta is blaming the recent hack of its support system on an employee who logged into a personal Google account on a company-managed laptop.

Cybersecurity Funding

2022 Cybersecurity Year in Review: Top news headlines and trends that impacted the security ecosystem

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...

Compliance

Government agencies in the United States have made progress in the implementation of the DMARC standard in response to a Department of Homeland Security...