PALO ALTO, CALIFORNIA, 29 JAN, 2018
BehavioSec, the pioneer in continuous authentication through behavioral biometrics, announced today that it 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. Alberto Yepez and Ken Gonzalez of Trident Cybersecurity will join BehavioSec’s board of directors. Proceeds of the investment will be used to expand global operations and relocate corporate headquarters to the United States.
As identity becomes the new security perimeter, BehavioSec is the leading behavioral analytics platform to prevent fraud or account takeover while also preserving great user experience. Having secured billions of transactions for over 40 million users, the Company’s patented technology enhances identification and verification of users without relying on clunky tokens or annoying user interventions.