Pindrop raises $90 million for biometric voice authentication

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According to (This article and its images were originally posted on Entrepreneur – VentureBeat December 5, 2018 at 08:02AM.)

Call center phone fraud is responsible for an estimated $14 billion in loss annually, and it’s on the rise. The frequency of attacks rose by an estimated 113 percent in 2018, which is bad news for brands — according to a recent survey, a full 41 percent of customers affected by fraud blame the company rather than the attacker.

That’s where Pindrop comes in. The seven-year-old Atlanta, Georgia-based startup provides a suite of multifactor antifraud and authentication software for call centers, and it has a lengthy and growing list of investors impressed. It today announced a $90 million Series D funding round led by Vitruvian Partners, with participation from Allegion Ventures, Cross Creek, Dimension Data, EDBI, Goldman Sachs, and existing investors CapitalG, IVP, Andreessen Horowitz, GV (formerly Google Ventures), and Citi Ventures.

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This article and images were originally posted on [Entrepreneur – VentureBeat] December 5, 2018 at 08:02AM. Credit to the original author and Entrepreneur – VentureBeat | ESIST.T>G>S Recommended Articles Of The Day.

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