BehavioSec is a technology company.
BehavioSec has raised $25.0M across 3 funding rounds.
Key people at BehavioSec.
BehavioSec has raised $25.0M in total across 3 funding rounds.
Key people at BehavioSec.
BehavioSec is a cybersecurity technology company specializing in behavioral biometrics, providing a platform that continuously authenticates users through invisible analysis of their interactions, such as typing rhythms, swipes, and device handling, achieving over 99% accuracy with zero user friction.[1][2][3] It serves Global 2000 enterprises, including major banks, financial institutions, retailers, and government entities, protecting millions of users and billions of transactions by combating account takeover, new account fraud, malware, bots, and remote access attacks.[1][2][5] The solution integrates seamlessly with web and mobile apps, enabling risk-based authentication that reduces manual reviews, fraud costs, and supports digital transformation without compromising user experience.[1][2][4]
Acquired by LexisNexis Risk Solutions (part of RELX), BehavioSec has scaled from a university spinout to a mature platform now embedded in broader risk decision engines, enhancing fraud prevention across industries.[4][6]
BehavioSec emerged from groundbreaking academic research in Luleå, Sweden, with its team beginning work on the pioneering behavioral biometrics technology in 2006 and formally founding the company in 2008.[2][3] Key founder Neil Costigan played a pivotal role in growing it from a university spinout into a global leader, focusing on human-centric cybersecurity that leverages unique behavioral patterns for authentication.[6]
Early traction came from endorsements by DARPA and Google for its fraud detection capabilities, leading to deployments protecting billions of transactions.[3] A milestone was raising $17.5 million in Series B funding in 2017, led by Trident Capital with participation from Cisco Investments, which fueled expansion to over 35 million users among top banks and institutions in Europe and the US.[5] The acquisition by LexisNexis integrated it into a larger ecosystem for device intelligence and risk management.[4][6]
BehavioSec rides the identity-as-perimeter trend in cybersecurity, where traditional credentials fail amid rising breaches—over 2 billion stolen credentials fuel account takeovers and synthetic fraud—pushing for passwordless, continuous verification.[1][5][7] Its timing aligns with regulations like PSD2 and 3DS2, which mandate strong authentication using behavioral signals, and the shift to remote/hybrid work amplifying remote access threats.[5][7]
Market forces favoring it include explosive growth in digital transactions, AI-driven attacks, and demand for frictionless security in fintech, e-commerce, and beyond; by enabling automation and reducing fraud without UX hurdles, it influences the ecosystem toward behavioral biometrics as a standard layer atop device intelligence.[2][4][6] As part of LexisNexis, it amplifies impact in global risk platforms, setting benchmarks for proactive, human-behavior-based defenses.[4][6]
BehavioSec's acquisition positions it for deeper AI integration within LexisNexis, expanding into predictive fraud intelligence across digital-physical boundaries. Next steps likely include enhancing multi-modal signals (e.g., combining biometrics with geo-IP) and global scaling amid rising deepfakes and quantum threats. Trends like zero-trust architectures and embedded finance will propel its influence, evolving it from niche fraud stopper to core enabler of trust in an always-connected world—reinforcing its pioneer status in frictionless, behavior-powered security.[4][6][7]
BehavioSec has raised $25.0M in total across 3 funding rounds.
BehavioSec's investors include Creandum, Dawn Capital, Edge VC, Forgepoint Capital, F-Prime Capital Partners, Erik Nordlander, Tom Hulme, Momenta Ventures, NightDragon, Northzone, Paladin Capital Group, Shasta Ventures.
BehavioSec has raised $25.0M across 3 funding rounds. Most recently, it raised $18.0M Series B in January 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2018 | $18.0M Series B | Creandum, Dawn Capital, Edge VC, Forgepoint Capital, F-Prime Capital Partners, Erik Nordlander, Tom Hulme, Momenta Ventures, NightDragon, Northzone, Paladin Capital Group, Shasta Ventures, Vendep Capital, Bob Pasker, Nikolaj Nyholm | |
| Dec 1, 2014 | $6.0M Series A | Creandum, Dawn Capital, Edge VC, Forgepoint Capital, F-Prime Capital Partners, Erik Nordlander, Tom Hulme, NightDragon, Northzone, Paladin Capital Group, Vendep Capital, Nikolaj Nyholm | |
| May 1, 2011 | $1.0M Seed | Creandum, Dawn Capital, F-Prime Capital Partners, Erik Nordlander, Tom Hulme, Vendep Capital, Nikolaj Nyholm |
