# BehavioSec

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/behaviosec

- Industry: IT Security/Cybersecurity
- Headquarters: San Francisco, US
- Website: www.behaviosec.com
- Total disclosed funding: $24M
- Latest round: Series B (Jan 29, 2018)
- Investors on record: 9

## About

BehavioSec Inc. delivers innovative behavioral biometrics solutions designed to enhance online security by analyzing user interactions, effectively preventing fraud while improving user experience.BehavioSec Inc. was founded in 2008 and specializes in behavioral biometrics that analyze user interactions to detect online fraud. The company is based in San Francisco, US. The founders include Olov Renberg and Peder Nordström, and the current CEO is Neil Costigan. The company has raised a total of USD 17.50 mn across multiple funding rounds, with the most recent being a Series B round on May 3, 2022, led by Trident Capital, alongside other investors such as ABN AMRO, Cisco Investments, Conor Venture Partners, and Octopus Investments.BehavioSec® specializes in behavioral biometrics solutions that analyze user interactions to detect and mitigate online fraud while enhancing user experience. Their core product focuses on real-time analysis of user sessions, utilizing various intelligence signals to generate authenticity scores. This technology enables businesses to authenticate genuine users seamlessly, while identifying behavioral anomalies indicating potential fraud. BehavioSec's solutions are implemented globally, especially in sectors like financial services, e-commerce, and online gaming, catering to clients including banks and gaming platforms.BehavioSec® operates primarily on a subscription model, offering clients access to their behavioral analytics solutions through tailored pricing tiers. These transactions typically involve annual contracts with large enterprises and mid-sized businesses. The flagship product integrates seamlessly with clients' systems to combat identity fraud and account takeovers. This revenue model reflects the ongoing demand for cybersecurity solutions and strategic partnerships with key players in the financial sector.In May 2022, LexisNexis Risk Solutions Inc. acquired BehavioSec Inc. The acquisition's financial terms were not disclosed. Following the acquisition, BehavioSec aims to enhance its product offerings and expand into new markets. The company plans to leverage recent funding to develop new products aimed at improving fraud detection capabilities and enhancing user experience. Specific geographic targets for expansion have not been disclosed, but the focus will likely remain on developing regions where online security solutions are increasingly in demand.

## Funding rounds

- Series B, Jan 29, 2018, $18M — Trident Capital, Conor Venture Partners, ABN AMRO, Cisco Investments, Octopus Investments
- Series B, Dec 8, 2014, $6.2M — Northzone, Conor Venture Partners, PartnerInvest, Octopus Investments
- Seed, Jun 1, 2008, $0.6M — PNF Venture Capital, Lunova

## Investors

- PNF Venture Capital (https://capitalatlas.ai/funds/pnf-venture-capital) — Seed
- Lunova (https://capitalatlas.ai/funds/lunova) — Seed
- Northzone (https://capitalatlas.ai/funds/northzone) — Series B
- Conor Venture Partners (https://capitalatlas.ai/funds/conor-venture-partners) — Series B
- PartnerInvest (https://capitalatlas.ai/funds/partnerinvest) — Series B
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Series B
- Trident Capital (https://capitalatlas.ai/funds/trident-capital) — Series B
- ABN AMRO (https://capitalatlas.ai/funds/abn-amro) — Series B
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series B