BioCatch is a technology company.
BioCatch has raised $217.0M across 5 funding rounds.
Key people at BioCatch.
BioCatch has raised $217.0M in total across 5 funding rounds.
BioCatch is a cybersecurity company specializing in behavioral biometrics technology to prevent fraud and financial crime for financial institutions and online businesses.[1][2][3] Its AI-driven platform analyzes user behaviors like keystroke dynamics, mouse movements, touchscreen gestures, and cognitive patterns to detect anomalies such as new account fraud, account takeovers, social engineering scams, and money laundering via mule accounts, serving over 200 customers including more than 30 of the top 100 global banks, protecting 250 million+ users and 6 billion+ sessions monthly.[1][2][3][7]
The platform solves the limitations of traditional fraud detection by providing real-time, context-aware insights through continuous behavioral sequencing, predictive intelligence, and tools like Analyst Station for investigations, enabling seamless digital experiences while reducing operational costs and boosting customer trust.[3][4][5][6]
BioCatch was founded in 2011 in Israel by Avi Turgeman, a former Military Intelligence officer who identified unique, measurable digital interactions during cyberthreat operations, teaming up with Benny Rosenbaum and Uri Rivner to pioneer behavioral biometrics against online fraud.[2][7]
Early traction built from Turgeman's insights into user behavior correlations; after R&D, it deployed its account takeover solution in 2016 at tier-one banks in the UK, Spain, and Brazil, followed by U.S. account opening solutions in 2017.[7] Pivotal expansions included global partnerships from 2018 (Chile, Colombia, Australia), offices in Tel Aviv, London, New York, São Paulo, Mexico City, Mumbai, and Sydney, and 2024 milestones like Permira becoming majority shareholder and launching BioCatch Trust Australia for inter-bank intelligence sharing.[2][7]
BioCatch rides the rise of behavioral biometrics amid surging digital fraud, where criminals exploit human vulnerabilities like social engineering and faster payments, outpacing legacy rules-based systems.[3][6] Timing aligns with global digital transformation in banking—post-pandemic mobile/onboarding surges—and regulatory pressures for strong authentication/AML, amplified by its Dark Economy Survey insights from 800+ leaders across 17 countries.[3][9]
Market forces favoring it include AI/ML maturation for real-time analysis and inter-bank data sharing (e.g., BioCatch Trust Australia), influencing the ecosystem by setting standards for frictionless security, enabling 250 million+ users' trust, and accelerating adoption in emerging markets like India and France.[1][3][7]
BioCatch is poised for expansion with Permira's backing, targeting deeper AML integration, predictive tools, and non-banking sectors like e-commerce amid rising synthetic identities and voice scams.[5][7][9] Trends like AI-synthesized fraud and real-time payment rails will amplify demand for its scale-proven behavioral edge, potentially evolving it into a full digital identity platform influencing global standards.
This positions BioCatch as a fraud prevention leader, transforming cybersecurity from reactive blocks to proactive human insight.
Key people at BioCatch.
BioCatch has raised $217.0M in total across 5 funding rounds.
BioCatch's investors include Citi Ventures, Bain Capital, Company Capital, Flint Capital, Glilot Capital Partners, Momenta Ventures, NFX, Norwest Venture Partners, OurCrowd, UpWest, Marty Weiss, Prescott Watson.
BioCatch has raised $217.0M across 5 funding rounds. Most recently, it raised $20.0M Series C in September 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2020 | $20.0M Series C | Citi Ventures | |
| Apr 1, 2020 | $150.0M Series C | Bain Capital, Company Capital, Flint Capital, Glilot Capital Partners, Momenta Ventures, NFX, Norwest Venture Partners, OurCrowd, UpWest, Marty Weiss, Prescott Watson | |
| Mar 1, 2018 | $30.0M Series B | Company Capital, Flint Capital, Glilot Capital Partners, Momenta Ventures, NFX, Norwest Venture Partners, OurCrowd, UpWest, Marty Weiss, Prescott Watson | |
| May 1, 2016 | $7.0M Venture Round | OurCrowd | |
| Jun 1, 2014 | $10.0M Series A | Blumberg Capital, Caffeinated Capital, Great Oaks Venture Capital, ICONIQ Capital, MS&AD Ventures, OurCrowd, Y Combinator, Dillon McDonald, Joshua Schachter, Sam Altman |
