Biometric Security Startup BioCatch Secures $145 Million in Series C Funding

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Biometric security, BioCatch, funding, Series C, AI, biometrics, Bain Capital Tech Opportunities, security
Biometric Security Startup BioCatch Secures _145 Million in Series C Funding ITSW

Biometric security startup BioCatch raises $145 million in Series C funding. The latest round of funding was led by Bain Capital Tech Opportunities, with participation from existing investors. BioCatch plans to use the newly raised capital to expand its portfolio of behavioral biometrics offerings, accelerate the company’s growth, and support the expansion of its client base into new verticals.

Scaling Up AI Technology for Business Continuity and Growth

BioCatch uses its AI-driven behavioral biometrics to protect financial institutions and other organizations against criminal activities. It analyzes over 2,000 behavioral parameters of user-device interactions to generate real-time risk scores.

Source:https://techcrunch.com/2020/04/15/biometrics-security-technology-developer-biocatch-raises-145-million/

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