TypingDNA, a behavioural biometrics solution, has scored $7m in its Series A round which was led by Google’s AI-focused venture firm Gradient Ventures.
Other commitments to the series came from GapMinder, Techstars Ventures and other previous investors.
The funding comes a year after the FinTech closed its seed round on $1.5m. GapMinder Venture Partners led the round, with support also coming from Techstars, Gecad Ventures and several angel backers.
Leveraging AI algorithms, TypingDNA can authenticate users based on the way they type. It achieves this by monitoring the user keystrokes and establishing a typing pattern for each user. This technology helps companies to implement a secure authentication, fraud detection and password recovery which does not impact customer interaction.
The FinTech, which is based in Romania, supplies its services via an API which enables easy integration with desktop and mobile applications.
Having closed the round, TypingDNA will expand its developer support network and offer more tools to integrate its API in existing platforms.
TypingDNA CEO and co-founder Raul Popa said, “Advancing the research and distribution of typing biometrics is of global importance. Keyboards are incorporated in almost any device today, making typing behaviour the most widely available user biometric. This round of funding will allow us to further our mission to provide user-friendly, non-intrusive biometrics and increased security to people around the world.”
Last year, TypingDNA partnered with cybersecurity startup XTN Security to help banks better protect themselves from fraud. The deal saw TypingDNA integrate its biometrics into XTN’s fraud prevention software, enabling it to build typing patterns.
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