BehavioSec provides a behavioral biometrics-driven continuous authentication platform designed to prevent fraud and account takeover while preserving user experience. The platform creates digital fingerprints of users by combining attributes such as keystroke cadence and finger pressure, and it works across mobile devices and traditional computers and web browsers. Led by CEO Neil Costigan, the company says its patented technology has secured billions of transactions for over 40 million users. BehavioSec plans to launch new solutions for market introduction in early 2018, including enterprise authentication offerings and integrated decision intelligence for partners. The company has partnerships or integrations with Gemalto, Vasco, Crossmatch, Nuance and others. BehavioSec intends to expand global operations and relocate its corporate headquarters to the United States. BehavioSec was spun out of research at Sweden’s Luleå Technical University and was founded in 2007. It provides behavior-based identity theft prevention solutions that create a unique digital fingerprint of each end-user’s behavior to verify identities and prevent fraud in real time. The company’s technology targets online fraud and identity theft that impede e-commerce adoption. The new €1 million funding will be used to accelerate expansion into international markets and to service existing customers. Sami Ahvenniemi of Conor Venture Partners will join BehavioSec’s board following the investment. The round includes participation from both new and previous investors.

Total raised

$19M

Funding rounds

2

Latest round

Series B

Latest activity

Jan 2018