Security News > 2020 > April > BioCatch raises $145M to accelerate growth and expand mission-critical behavioral insights

BioCatch, the global leader in behavioral biometrics, announced it has completed a $145 million Series C investment led by Bain Capital Tech Opportunities, the growth investing business of Bain Capital.

The investment will accelerate BioCatch's rapid growth, broaden its product offerings and further support its expanding client base into new verticals.

BioCatch's category-defining behavioral biometrics technology seeks to protect some of the world's largest financial institutions, their clients and their clients' assets from fraud and other types of criminal activity, including sophisticated social engineering voice scams.

"BioCatch's growth in annual recurring revenue and client base speaks directly to the growing demand for our service and the increasing number of use cases we are able to support," said Howard Edelstein, BioCatch Chairman & CEO. "The current environment has spawned a large increase in bad actors seeking to take advantage of distracted individuals working from home or dispersed companies whose technologists are scattered in remote locations. In such times, technologies like behavioral biometrics become more important than ever."

"BioCatch has quickly established itself as a pioneer in the digital identity space by developing next-generation behavioral biometrics technology that integrates fraud detection and authentication capabilities to protect end-users and their most sensitive transactions."

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