TypingDNA is maintaining its upward trajectory with $7 million in Series A funding. The round was led by Google’s AI-oriented Gradient Ventures fund, and also garnered significant contributions from GapMinder and Techstars Ventures.
As the name would suggest, TypingDNA is a typing biometrics specialist that authenticates users based on their typing patterns. The company is planning to use the new funds to increase the utility of its platform, primarily through the development of new tools that will make it easier for third parties to integrate the Authentication API into existing web platforms. Typing is also hoping to expand its developer support network.
“Keyboards are incorporated in almost any device today, making typing behavior the most widely available user biometric,” said TypingDNA Co-Founder and CEO Raul Popa. “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.”
The news comes shortly after TypingDNA released a mobile version of its SDK to extend its reach to iOS and Android devices. The company introduced one-time password functionality earlier in the year, while the European Banking Authority recognized typing biometrics as a secure modality that meets the latest requirements for Strong Customer Authentication.
The successful Series A round represents major growth for TypingDNA, which received $1.5 million in seed funding in early 2019.
January 6, 2019 – by Eric Weiss