BehavioSec secures $17.5M Series B investment in a round led by Trident Capital Cybersecurity and including Cisco and ABN.

Finland Sweden Investments 29 January 2018
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BehavioSec, a Luleå/Stockholm, Sweden and Palo Alto, USA - located company providing services of authentication through behavioral biometrics, announced closing a $17.5 million Series B investment round.

The backers were led by Trident Capital Cybersecurity and included Cisco Investments and ABN AMRO, also joined by existing investors Octopus Ventures and Conor Venture Partners. Alberto Yepez and Ken Gonzalez of Trident Cybersecurity will join BehavioSec’s board of directors. 

The money will be used to expand global operations and relocate corporate headquarters to the United States.

BehavioSec, founded in 2007 by Olov Renberg and led by CEO Neil Costigan, creates digital fingerprints of specific users by combining unique attributes such as keystroke cadence or finger pressure to create a clear picture of a user’s identity while working seamlessly across mobile devices as well as traditional computers or web browsers. As identity becomes the new security perimeter, BehavioSec positions as delivering a behavioral analytics platform to prevent fraud or account takeover while also preserving user experience. 

Prior to this deal, the company raised more than $7M in funding, from investors including Northzone, Lunova, Norrlandsfonden and Partnerinvest Norr.