Pindrop Security Raises $1 Million in Seed Funding

Funding Rounds

▤ Summary

Pindrop Security secured $1 million in seed funding to expand its anti-fraud technology for phone calls. The company targets caller ID fraud, a security problem with direct relevance to financial services and authentication workflows. Investors in the round include Andreessen Horowitz, GRA Venture Fund, New World Ventures, Sigma Partners, and Webb Investment Network. The article also notes that Pindrop expected to pursue a larger Series A round later in 2012.

$ Funding

$
Amount $1.0M Total raised
□
Date May 1, 2012 Announcement date
◎
Investors GRA Venture Fund, LLC, Webb Investment Network (WIN), New World Ventures, Sigma Partners, Andreessen Horowitz Lead investors
▥
Company pindropsecurity.com Funded company

▥ Classifications

industries
No industries detected
applications
Customer Service & Support

◇ AskAI Classifications

Labels
Fraud Detection Software Voice Biometrics Authentication Software

▦ Linked Companies