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ThreatMark to develop new fraud prevention capabilities after pulling in $5M
Dec. 6, 2023, 10:43 p.m. | Jim Nash
Biometric Update www.biometricupdate.com
A scale-up capital firm has committed $5 million to ThreatMark, an anti-fraud software makers that focuses on human behavior when looking for cybercrime.
Orbit Capital specializes in scale-up funding, which is a company that is more established than a startup and needs the services unique to private equity firms. Private equity funders typically invest in older firms that deal in hardware.
ThreatMark says it has already raised $8 million in 2023. The latest tranche will pay for research and …
anti-fraud behavioral biometrics biometrics biometrics news capabilities capital cybercrime equity fraud fraud prevention funding human human behavior orbit prevention private private equity scale services software startup trade notes
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