“In a statement announcing the success of the funding round, BehavioSec said the investment capital ‘will be used to expand global operations and relocate corporate headquarters to the United States.'”
Behavioral biometrics specialist BehavioSec has raised $17.5 million in a Series B funding round, the company has announced.
The investment round was led by Trident Capital Cybersecurity, whose Managing Directors, J. Alberto Yépez and Ken Gonzalez, will join BehavioSec’s board of directors. The funding round also saw contributions from ABN AMRO and Cisco Investments, in addition to returning investors Conor Venture Partners and Octopus Ventures.
In a statement announcing the success of the funding round, BehavioSec said the investment capital “will be used to expand global operations and relocate corporate headquarters to the United States.” The company is currently headquartered in Sweden, with additional offices in Germany.
BehavioSec also indicated that it’s preparing to launch authentication solutions for the enterprise “in early 2018,” along with partner offerings in collaboration with Crossmatch, Gemalto, Nuance, and Vasco.
Commenting on his firm’s decision to invest, ABN AMRO Digital Impact Fund Director Hugo Bongers explained, “The advanced technology of BehavioSec enables ABN AMRO to take the next step in protecting our customers.”
January 29, 2018 – by Alex Perala