“Our goal is to be the number-one provider of typing biometrics technology. We are focused on striking more partnerships with major players in identity, authentication, two-factor authentication (2FA) and fraud prevention.” – Raul Popa, CEO, TypingDNA
The award-winning Romanian startup TypingDNA has secured $1.5 million in seed funding, which it plans to use to boost its technology and its profile as a leader in fraud prevention. First launched in 2016, TypingDNA offers a behavioral biometrics platform that recognizes typing patterns and identifies individuals based on the way their fingers move across a keyboard.
The end result is a passive form of two-factor authentication, which is increasingly appealing to banks and companies like Optimal IdM, which can use TypingDNA to spot fraudulent activity. The latest round of seed funding comes courtesy of GapMinder Venture Partners, as well as a number of other investors scattered across the US and Europe.
“TypingDNA biometrics technology is using proprietary pattern recognition, anomaly detection and one shot learning algorithms, adding a lot of value to the bottom line,” says GapMinder’s Cosmin Ochisor. “We feel TypingDNA is at the forefront of the ‘AI-first’ wave.”
In the past year, TypingDNA has worked to forge partnerships with access management and security companies, and is now looking to expand its reach in enterprise and financial services.
“Our goal is to be the number-one provider of typing biometrics technology,” said TypingDNA CEO Raul Popa. “We are focused on striking more partnerships with major players in identity, authentication, two-factor authentication (2FA) and fraud prevention.”
February 1, 2019 – by Eric Weiss