BioCatch Biometric Fraud Detection Raises $10M In Funding

June 18, 2014 | Behavioral biometric authentication and threat detection company BioCatch raised $10 million in its latest financing round. Blumberg Capital and crowdfunding group OurCrowd led the financing round, the funds from which BioCatch hopes to use to expand its R&D and reach U.S. and European markets. BioCatch has already been launched by several banks and ecommerce websites where the company works to reduce security threats resultant from risky transactions. The company’s technology is able to collect over 400 bio-behavioral, cognitive and physiological parameters to create unique user profiles for each website visitor. BioCatch was founded in 2011 by company CEO Benny Rosenbaum and Head of Cyber Strategy Uri Rivner.