# Pindrop Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pindrop-security

- Industry: Software
- Headquarters: Atlanta, US
- Website: www.pindrop.com
- Total disclosed funding: $212M
- Latest round: Series D (Nov 1, 2018)
- Investors on record: 19

## About

Pindrop Security, Inc., based in the US, specializes in fraud detection and deepfake defense solutions, primarily serving contact centers and virtual meetings with advanced technologies to enhance customer security and trust.Pindrop Security, Inc. provides voice authentication and fraud prevention solutions. Founded in 2011, the company is headquartered in Atlanta, US. The firm was established by Ishan Ray, Mustaque Ahamad, and Vijay Balasubramaniyan, who also serves as CEO. Pindrop has successfully raised USD 4.30 mn across multiple funding rounds, with its most recent being a venture debt round in July 2024, securing USD 100 mn from Hercules Capital.Pindrop specializes in advanced fraud detection and deepfake defense solutions tailored for contact centers and virtual meetings. Its core offerings include Pindrop® Pulse for meetings, minimizing risks associated with deepfakes, and Pindrop® Protect, which enhances customer account security through near real-time risk assessments. Additionally, Pindrop provides Pindrop® Passport, a multifactor authentication solution for customer verification, and VeriCall® Technology, assessing call risks without disrupting the customer experience. Targeted industries include banking, finance, insurance, retail, and healthcare, serving a diverse clientele that includes Fortune 500 companies across North America, Europe, and Asia.Pindrop generates revenue through a subscription-based model, offering its suite of proprietary products and services to enterprise clients. Clients engage with Pindrop via direct partnerships, leveraging comprehensive voice security solutions to protect customer interactions. For instance, customers may subscribe to Pindrop® Pulse for enhanced virtual meeting security and Pindrop® Protect for real-time fraud assessments in contact centers. The transactional structure typically revolves around annual or multi-year contracts that provide access to the company's technology, ensuring ongoing support and updates. Key products like Pindrop® Passport significantly contribute to overall revenue through their application in multifactor authentication across various industries.In July 2024, Pindrop Security, Inc. raised USD 100 mn in venture debt funding from new investor Hercules Capital. The company plans to use this funding to enhance its services by further developing state-of-the-art speech, audio, and artificial intelligence technologies. Pindrop is also focusing on expanding into new markets, specifically targeting increased presence in Europe and Asia by the end of 2025. Additionally, Pindrop is working on launching new products to bolster its offerings in fraud detection and security solutions.

## Funding rounds

- Series D, Nov 1, 2018, $90M — Institutional Venture Partners, Vitruvian Partners, SG Growth Capital, GV, Andreessen Horowitz, Cross Creek, Dimension Data Proprietary Limited, Goldman Sachs Asset Management, Citi Ventures, CapitalG, Allegion Ventures
- Series C, Aug 8, 2016, $5.8M — Institutional Venture Partners, Andreessen Horowitz
- Series C, Dec 21, 2015, $75M — Institutional Venture Partners, GV, Andreessen Horowitz, Felicis Ventures, Citi Ventures, CapitalG, Geodesic Capital
- Series B, Feb 17, 2015, $30M — Institutional Venture Partners, Redpoint Ventures, Insight Partners, Andreessen Horowitz, Felicis Ventures, Webb Investment Network, Citi Ventures
- Series A, Jun 12, 2013, $11M — Redpoint Ventures, Andreessen Horowitz, Felicis Ventures, Webb Investment Network, Citi Ventures
- Seed, May 1, 2012, $0M — Pritzker Group Venture Capital, Andreessen Horowitz, GRA Venture Fund, Webb Investment Network, Sigma Partners

## Investors

- Pritzker Group Venture Capital (https://capitalatlas.ai/funds/pritzker-group-venture-capital) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed, Series A, Series B, Series C, Series D
- GRA Venture Fund (https://capitalatlas.ai/funds/gra-venture-fund) — Seed
- Webb Investment Network (https://capitalatlas.ai/funds/webb-investment-network) — Seed, Series A, Series B
- Sigma Partners — Seed
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series B
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series A, Series B, Series C
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series A, Series B, Series C, Series D
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series B, Series C, Series D
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B
- GV (https://capitalatlas.ai/funds/gv) — Series C, Series D
- CapitalG (https://capitalatlas.ai/funds/capitalg) — Series C, Series D
- Geodesic Capital (https://capitalatlas.ai/funds/geodesic-capital) — Series C
- Vitruvian Partners (https://capitalatlas.ai/funds/vitruvian-partners) — Series D
- SG Growth Capital (https://capitalatlas.ai/funds/sg-growth-capital) — Series D
- Cross Creek (https://capitalatlas.ai/funds/cross-creek) — Series D
- Dimension Data Proprietary Limited — Series D
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series D
- Allegion Ventures (https://capitalatlas.ai/funds/allegion-ventures) — Series D