Multi-factor authentication company Acceptto has launched from stealth, alongside the closing of a Series A round of funding.
The capital was co-led by Aetna Ventures, Millennium Technology Value Partners and Celeres Capital. As part of the round, the Aetna’s chief security officer, James Routh will join the Acceptto board of directors.
Oregon-headquartered Acceptto uses AI and machine learning cognitive authentication, expert systems and behavioural modelling to improve the digital identity system. Its technology is capable of mitigating identity impersonations and access fraud, as well as streamlining experience for legitimate users.
The company’s technology continuously analyses behaviours and is able to ‘definitively verify legitimate user identity’ across cloud, mobile, web and IoT devices.
Its AI and machine learning technology analyses and verifies user identity inferring contextual data like device and browser attributes, spatiotemporal velocity, user habits, and network anomaly detection signals, among others. In doing this, it can detect and prevent identity fraud across enterprises.
Acceptto CEO Shahrokh Shahidzadeh said, “We built Acceptto on the premise that your credentials today, and those that you’ve yet to create, have already been compromised. Your true identity cannot simply be based on a password, captchas, challenge-based questions, a one-time token or only your biometrics, which when compromised, can never be reset.
“The inclusion of multi-modal telemetry such as device and browser (DBFP) fingerprints, continuous user behaviours, spatiotemporal velocity and 3rd party data fusion available to enterprises, contribute to a definitive contextual signature associated with each user and corresponding transactions. Collectively, this enables a Biobehavioral™ Derived Credential which is virtually impossible to impersonate, spoof or tamper with.”
Last week, Aetna Ventures took part in the $30m funding round of third-party cyber risk management company CyberGRX.
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