buguroo, founded in 2015 by Pablo de la Riva, builds online fraud prevention technology for financial services. Its core product, bugFraud, uses deep learning and behavioral biometrics to create a unique “cyber profile” or digital DNA for each user. The solution collects thousands of parameters — smartphone and mouse movements, keystrokes, device profiling, geolocation and malware records — to detect impersonation and synthetic fraud from login to logout. buguroo’s technology currently protects over 50 million financial services customers across Europe and Latin America. The company intends to accelerate development of its deep learning-based detection and prevention products and expand sales and marketing efforts. It is focusing expansion on the US, UK, France and Germany. Buguroo provides application security and cyberintelligence products including bugScout (automated static and dynamic analysis of source code), bugBlast (an audit liaison and project tool), and bugThreats (real-time monitoring of online threat sources with countermeasures). The company raised €3m in venture capital funding to continue expanding operations. The round was led by Inveready Technology Investment Group. Founded in 2010 by Pablo de la Riva and based in Madrid, Buguroo employs over 50 developers in Madrid. It has a turnover of €2m, is present in 25 countries, and serves more than 150 clients.

Total raised

$14M

Funding rounds

2

Latest round

Series A

Latest activity

Nov 2019