BehavioSec raises $17.5M, plans to expand global operations
BehavioSec has raised a $17.5 million Series B investment led by Trident Capital Cybersecurity. Cisco Investments and ABN AMRO also joined the round alongside existing investors Octopus Ventures and Conor Venture Partners. The investment will be used to expand global operations and move corporate headquarters to the United States.
“We decided to invest in BehavioSec given production deployments authenticating user sessions for some of the most sophisticated financial institutions and governments around the world,” said Alberto Yépez of Trident Cybersecurity. “In addition, the company continues to lead the innovation in behavioral biometrics through close partnership with leading cybersecurity vendors and government agencies, including DARPA.”
BehavioSec passively verifies and confirms a user’s identity by monitoring how they naturally interact with their device through behavioral biometrics. The company plans to launch new solutions for market introduction in early 2018 including enterprise authentication solutions and integrated decision intelligence for partner offerings with Gemalto, Vasco, Crossmatch, Nuance and others.
“We are excited that both existing and new investors share our vision for behavioral biometrics and we will continue delivering on the promise to bring this decision intelligence to the masses in the coming years.” said Neil Costigan, CEO BehavioSec.
Alberto Yepez and Ken Gonzalez of Trident Cybersecurity will join BehavioSec’s board of directors.