FB pixel

ThreatMark to develop new fraud prevention capabilities after pulling in $5M

ThreatMark to develop new fraud prevention capabilities after pulling in $5M
 

A scale-up capital firm has committed $5 million to ThreatMark, an anti-fraud software makers that focuses on human behavior when looking for cybercrime.

Orbit Capital specializes in scale-up funding, which is a company that is more established than a startup and needs the services unique to private equity firms. Private equity funders typically invest in older firms that deal in hardware.

ThreatMark says it has already raised $8 million in 2023. The latest tranche will pay for research and development, market development and adding product capabilities.

CFO Martin Zikmund says having raised $13 million in a year in an economic climate making many venture capitalists cautious is a testament to the market’s recognition of ThreatMark’s behavioral biometrics and fraud prevention technologies.

The company’s claimed 50 percent year-over-year revenue growth no doubt was a deciding factor for Orbit.

Article Topics

 |   |   |   | 

Latest Biometrics News

 

Biometrics connecting ID and payments through digital wallets, apps and passkeys

Biometrics are connecting with payment credentials, whether through numberless credit cards and banking apps or passkeys, as the concrete steps…

 

Reach of Musk, DOGE’s federal data access sets off privacy, security alarms

Led by tech billionaire Elon Musk and a shadowy team believed to be under his control, the United States DOGE…

 

Mobile driver’s licenses on the cusp of ‘major paradigm shift’

More entities have integrated the California mobile driver’s license (mDL) credential for identity verification. Although just 15 states have introduced…

 

Gesture-based age estimation tool BorderAge joins Australia age assurance trial

Australia’s age assurance technology trial is testing the new biometric tool that performs age estimation based on hand gestures. The…

 

European AI compliance project CERTAIN launches

The pan-European project to create AI compliance tools CERTAIN has kicked off its work, with the goal of making European…

 

Signaturit Group acquiring Validated ID for undisclosed sum

Spain-based digital identity and electronic signature provider Validated ID is being acquired by Signaturit Group, a European company offering identity…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events