Dec 5, 2018

Voice fraud prevention company Pindrop raises $90 million

Photo: Sebastian Gollnow/picture alliance via Getty Images

Pindrop Security, an Atlanta-based voice fraud prevention company, raised $90 million in Series D funding.

Why it matters: This round will help Pindrop expand into the Internet-of-Things space, including a smart lock integration with new investor Allegion, at a time when more and more of our home and work devices are being operated by what we say, not by what we press.

  • Investors: Vitruvian Partners led, and was joined by Allegion, Cross Creek, Dimension Data, EDBI, Goldman Sachs and return backers CapitalG, GV, Andreessen Horowitz, Citi Ventures and IVP.

The bottom line: "Pindrop has built a platform that makes a voice 'fingerprint' that identifies not just the specific tone you emit, but how you speak, where you are typically calling from and the sounds of that space, and even your regular device," Ingrid Lunden, from TechCrunch writes.

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