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ThreatMark secures $23M funding led by Octopus Ventures and Riverside Acceleration Capital

Jan 07, 2025•over 1 year ago

Contract Type

partnership

CharlotteNetwork SecurityComputer Vision

Description

ThreatMark has raised $23 million in funding to expand the market reach of its behavioral biometrics and other fraud prevention technologies in key regions, including the UK and U.S. The funding round was led by Octopus Ventures and Riverside Acceleration Capital, with additional contribution from Springtide Ventures in the form of a convertible note. The funding will also support research, development, and software enhancement.

Company Information

Company

ThreatMark

Location

Charlotte, North Carolina, United States

About

ThreatMark is a pioneering force in the fraud prevention market, committed to redefining how the financial industry safeguards itself and its customers against Scams, Social Engineering & evolving threats in digital channels. ThreatMark Behavioral Intelligence Platform is a category-defining technology for fraud-fighting across all digital channels designed for banks and the financial services ecosystem. ThreatMark unifies ML-based Transactional Monitoring, Digital Banking Threat Detection, and Advanced Behavior-based Invisible User Authentication under one analytical roof. This allows, for the first time ever, the security, compliance, and risk teams to have a holistic view across all the digital channels, entities, and transactions. Driven by our proprietary industry-proven Behavioral Biometrics and Cyber Threats research, we are able to deliver unparalleled detection results and play a key role in the fraud stack right now as well as in the future..

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