If you’ve ever seen the movie Minority Report, you’ll be familiar with the “Precognition” concept: the ability to see into the future — in the film’s case, to stop a crime before it’s actually committed a.k.a “Pre-crime”. Israeli startup BioCatch, based on its own “behavioural biometric authentication and threat detection” technology, effectively does just that, to enable banks and e-commerce companies to stop online fraud before it happens.
Today the company is announcing it’s closed a $10 million Series A round led by OurCrowd, and Blumberg Capital. The new capital will be used to expand Tel Aviv-based BioCatch’s R&D efforts and push for growth in its key markets, including North America, Europe and Brazil.
BioCatch “collects and analyses over 400 bio-behavioral, cognitive and physiological parameters” to create unique user profiles for visitors to banking and e-commerce sites. The idea is to reduce risky transactions and stop cyber-threats, such as…
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