Latest round

Series A

Last raised

Aug 2023

Total raised

$19M

Investors

5

About Spec

Founded in 2020, SpecTrust, Inc. specializes in fraud detection and prevention solutions. SpecTrust has completed four deals, with the most recent in August 2023.SpecTrust, Inc. offers a comprehensive suite of fraud prevention solutions that secures customer journeys by utilizing proprietary Journey Data™. This technology aggregates user behavior across multiple touchpoints to detect and mitigate fraud such as account takeovers, chargebacks, and card testing. The platform delivers actionable insights to businesses, ensuring a seamless experience for legitimate users while adapting to evolving threats.SpecTrust generates revenue through a subscription-based model, allowing clients access to its fraud detection and prevention services. The pricing is tiered, accommodating different business sizes and needs, which enables clients to select packages that best suit their security requirements. The flagship product emphasizes adaptive defenses leveraging behavioral modeling and identity graphs to ensure accurate fraud detection.In August 2023, SpecTrust, Inc. This investment will facilitate the development of specialized products aimed at improving fraud detection and prevention. The company aims to expand its market presence in Europe and Asia by the end of 2024, aligning its growth strategy with the increasing demand for robust transactional security solutions.

Who invested in Spec

5 investors across 2 rounds

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Funding rounds

  1. Series A

    Aug 23, 2023

    Amount

    $15M

    Investors

    Locked

  2. Seed

    Apr 1, 2021

    Amount

    $4.3M

    Investors

    Locked

Questions about Spec

Who invested in Spec?

Spec has 5 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Spec raised?

Spec has raised 2 venture rounds. Sign up free to see how much each round raised and the total.

When did Spec last raise money?

Spec's most recent round on record is a Series A, in Aug 2023.

What does Spec do?

Founded in 2020, SpecTrust, Inc.

Where is Spec headquartered?

Spec is headquartered in San Jose, US.

Which VCs invest in companies like Spec?

Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back it security/cybersecurity companies at Spec's stage. Their profiles are linked below.

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