Drawbridge, a provider of identity resolution solutions, has raised an additional $15M from all of its existing venture capital investors.
The company raised the new funds from Sequoia Capital, Kleiner Perkins, and Northgate Capital, bringing its fundraising total to nearly $70m. It intends to use the funds to continue to develop identity technology, build new use-cases, further expand its commercial and engineering teams.
“This investment demonstrates significant investor confidence in our chosen strategy and path forward as a company,” said Drawbridge founder & CEO, Kamakshi Sivaramakrishnan.
“This commitment gives us further energy to realize the mission ahead of us — to build and democratize identity solutions so businesses can better understand their customers and deliver more personalized and secure experiences.”
Based in San Mateo, California, Drawbridge uses large-scale and patented AI and machine learning technologies paired with advanced graph theory to build identity solutions for digital advertising, personalization, content management, product recommendation, authentication, fraud and risk detection.
Following the funding, the company has also brought on Dave Zinman as its chief operating officer and commercial leader, who has joined the executive team to help drive the direction forward.
Zinman brings nearly 25 years of industry experience across various capacities as a previous COO, GM, founder, and CEO.
“Joining Drawbridge was an easy decision — there is clear and measurable value in what the company is building for many industries and applications,” he added. “and it’s great to see such deep support from investors who believe in the value of our solutions and the power of our technology.”
Earlier this year, Kleiner Perkins led Jask’s $25m Series B round. Founded in 2015, Jask provides an asset-independent, open platform that gives prioritised threat information with an autonomous workflow of what, where, why and how SOC analysts should take action. The firm also took part in a $78m Series B in IronNet Cybersecurity, which is focused on building products to reduce cyber risk and protect nations and industries from the most advanced cyber threat actors.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
