Intensity Analytics closes $3.5 million seed round
A cyber security and behavioral biometrics startup, Intensity Analytics, has announced that it has closed a $3.5 million round of seed financing.
According to the company, it will use the new cash to strengthen its market reach, grow its team and continue to expand its platform. Intensity has also announced that it is deploying key solutions at two large unnamed enterprise customers in the online education and electronic content management sectors.
“Intensity Analytics focuses on mitigating the persistent threats that enterprises face related to identifying, securing and validating remote users and their activities on their networks,” John Rome, Intensity Analytics’ CEO and co-founder said. “Demand from large organizations both in the private and public sectors has been strong as enterprises seek sophisticated solutions to security challenges that can lead to significant potential revenue loss and exposure from unauthorized users accessing content and data globally.”
The company has developed a system of keystroke dynamics for user authentication and has also has developed secure data transfer and monitoring systems. Seeing as behavioral seems to be the company focus, it has also created a system of continuous authentication based on its biometric matching platform.
Behavioral biometrics are a growing focus for the security and biometrics community.
According to a reportlinker research report on the remote biometrics market, which includes behavioral measures for security, the overall market is forecasted to reach $3.2 billion by 2016, growing at a CAGR of 33%.