October 18, 2023 at 08:48AM
Fraud prevention provider Fingerprint has raised $33 million in a Series C funding round, bringing its total funding to $77 million. The Chicago-based company offers a device identification platform-as-a-service that helps organizations identify fraudsters while providing a seamless experience for legitimate users. Their device fingerprinting technology and flexible APIs enable accurate identification and prevention of fraud, including account takeover, phishing attempts, and payment fraud. The investment will support adoption among larger enterprise customers and the development of new tools and capabilities.
Summary of meeting notes:
– Fraud prevention provider Fingerprint has raised $33 million in a Series C funding round, bringing its total funding to $77 million.
– The funding was led by Nexus Venture Partners, with additional funding from Uncorrelated Ventures.
– Fingerprint was founded in 2010 and launched its device identification platform-as-a-service in 2020.
– The company’s device fingerprinting technology offers high accuracy and increased performance, while its flexible APIs help developers build identification solutions.
– Fingerprint’s solution provides a permanent identifier for web and mobile users, even after browser upgrades.
– The solution can help identify and prevent account takeover, phishing attempts, and payment fraud.
– Organizations using Fingerprint receive real-time intelligence on blocked IPs, incognito browsing, malicious bots, and account sharing.
– Fingerprint integrates with major cloud providers, allowing bot detection at the edge and enhanced security for cryptocurrency exchanges and online gaming/gambling.
– The new funding will support Fingerprint in accelerating adoption within larger enterprise customers and developing new tools and capabilities.
– Fingerprint’s CEO, Dan Pinto, emphasizes the importance of high accuracy device identification in the face of evolving threats and changing technology trends.