Voice fraud prevention and authentication startup Pindrop closed a $75 million funding round. This installment brings the company’s total funding to $122 million since it was founded in 2011.
Google Capital, a new investor to the Georgia-based company, led the Series C round. Additional contributors include GV, another new backer, and existing financiers Andreessen Horowitz, IVP, Citi Ventures and Felicis Ventures.
Pindrop works with 3 of the top 4 largest U.S. banks to authenticate their calls using phone-printing technology that analyzes and assigns risk to the caller. The technology helps bank call centers answer key questions:
- Where does the call originate?
- Is it a trusted number?
- Does the caller’s voice sound as it should?
- What device is the caller using?
- Should the person’s attempt be blocked?
Pindrop will use the new funds to fuel international expansion. The company already has a small office in the U.K., an area in which, according to Fortune, phone fraud rates exceed those in the U.S. by 4x. Pindrop is also in the midst of expanding to Latin America and plans to extend operations into Asia Pacific later this year.
In a release today, the company notes highlights from 2105:
- Saved tens of millions of dollars for enterprise customers
- Tripled revenue in the last year
- Doubled its customer base in the last year, including adding 2 of the top 3 U.S. banks
- Protected 360+ million calls
Pindrop CEO Vijay Balasubramaniyan (pictured) debuted the company’s Fraud Detection System at FinovateFall 2012.
The post Pindrop Raises $75 Million for Phone-printing Authentication appeared first on Finovate.