Biometrics security technology developer BioCatch raises $145 million [TechCrunch Blog]
NortonLifeLock Inc. (NLOK)
Last nortonlifelock inc. earnings: 2/6 04:15 pm
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Source: TechCrunch Blog
BioCatchThe company’s technology tracks user behavior on websites to determine if a customer is real or a fraudster, according to a statement. Its technology is now used by more than 40 of the largest global financial institutions, the company said.That top tier client list is likely one reason why the company was able to attract theBain CapitalOurCrowdBIoCatch will use its newfound hoard of cash on research and development and sales and marketing to enter new verticals beyond the financial services world.The investment will accelerateBioCatch’s“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, the company’s chief executive officer, in a statement. “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 scat
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