Israeli biometric security co IronVest raises $23m
Summary
Israel biometric security company IronVest has emerged from stealth and announced the completion of a $23 million seed financing round led by Accomplice, with participation from Trust Ventures, Ulysses, Joule Ventures, OurCrowd and several strategic angel investors. IronVest uses a decentralized infrastructure to protect personal data and uses patent-pending, decentralized biometric fraud prevention technology to ensure only the correct person can access the most sensitive accounts and data during sign-in and throughout a session.IronVest is available as a mobile app, a browser extension and via an enterprise software development kit. The companys consumer app already has more than 200,000 active users.IronVest was founded by CEO Avi Turgeman, CTO Kfir Yeshayahu, CMO Guy Bauman and VP product Yaron Dror. Prior to launching IronVest, Turgeman, Bauman and Dror were founding team members at the mobile-commerce startup platform Tapingo, which Grubhub acquired in 2018.Turgeman said, "Building a security and privacy-first infrastructure that leverages decentralized biometric authentication and anonymized PII to combat rising cyberattacks and digital threats while actually reducing friction and improving the user experience for users is at the core of our mission. Ive spent my entire professional life designing biometric fraud detection systems for the worlds largest financial institutions.