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AI Startup, TypingDNA, has secured $7 Million in Funding

TypingDNA secured $7 Million For AI-Driven Technology


TypingDNA, an AI startup in the field of Typing Biometrics, has secured $7 Million in the funding round of Series A led by Gradient Ventures.

Founded in 2016, Romania based TypingDNA's AI algorithms authenticate users based on their typing behavior. The technology is recognized as typing biometrics, according to the announcement.

The other investors who took part in this funding round include the GapMinder Venture Partners, and several other international investors from the EU, UK, and the US.

Executive Opinion

CEO, and Co-founder at TypingDNA, Raul Popa, said, "Advancing the research and distribution of typing biometrics is of global importance. Keyboards are incorporated in almost any device today, making typing behavior the most widely available user biometric. This round of funding will allow us to further our mission to provide user-friendly, non-intrusive biometrics and increased security to people around the world."

General Partner at Gradient Ventures, Darian Shirazi, said, "With global regulation impacting face-recognition-based authentication and hackers targeting SMS-based two-factor authentication, typing biometrics is the best form of identifying people without compromising privacy or security."

TypingDNA and Biometric Technology

According to the announcement, the TypingDNA is graduated from TechStars NYC in 2018 and got €1.3 million in the seed funding round last year. Before this latest funding, the company had secured a total of $5.25 million.

The company plans to use these latest funds to increase its AI technology and boost its appearance in some sectors like finance and enterprise. It is also planning to join hands with firms that deal with fraud and identity prevention.
 
Typing biometrics is considered as compliant for SCA regulation - 2FA in banking and payments in EU, by European Banking Authority. The system also considered as ACE compliant for verifying students online, notes the announcement.



PC: Pablo, Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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