Behavioral biometrics firm BehavioSec included on Fintech 250 list
Behavioral biometrics pioneer BehavioSec has been included on the 2018 Fintech 250. Published by CB Insights, Fintech 250 is a list of private companies applying a mix of software and technology to transform the financial services industry.
According to the announcement, BehavioSec is included for its innovations delivering continuous authentication technology powered by behavioral biometrics, helping reduce fraud, improving customer peace of mind and the fintech user experience.
“This achievement demonstrates our proven success and innovation in the financial services industry safeguarding millions of users and billions of transactions,” said Neil Costigan, BehavioSec CEO. “We are proud to be recognized by CB Insights not only as a pioneer of behavioral biometrics, but also for our ability to provide customers with completely frictionless security.”
Companies were selected by the CB Insights research team based on factors including data submitted by each company and their Mosaic Score, which is based on CB Insights’ algorithm that measures the overall health and growth potential of private companies.
“After we named the inaugural Fintech 250 in 2017, they went on to raise $23B including 30 rounds of over $100 million, said CB Insights’ CEO Anand Sanwal. “22 of the Fintech 250 have already exited with half via IPO. This year, we’ve added 113 new companies to the Fintech 250 using the CB Insights Mosaic algorithm, and the group is broad, covering everything from insurance tech to consumer banking to capital markets tech.”
Earlier this year BehavioSec announced it had 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.