BioCatch provides a behavioral biometrics cybersecurity platform that monitors how users interact with digital applications including typing cadence, mouse movements, device interaction, and behavioral intent to detect fraud, impersonation attempts, social engineering scams, and malicious activity.
The platform helps financial institutions identify abnormal behavioral signals, reduce false positives, prevent account takeover, and strengthen digital identity verification. BioCatch supports use cases such as new account fraud detection, payment protection, mule account detection, and scam defense across online banking and fintech environments.
What Is BioCatch and What Does It Do?
BioCatch, founded in 2011 by Uri Rivner and Avi Turgeman, is a cybersecurity company headquartered in Tel Aviv, Israel. The company provides behavioral biometrics solutions that analyze user behavior across online sessions to detect fraud, prevent identity impersonation, and protect financial institutions from cyber-enabled crime.
Its platform evaluates thousands of behavioral parameters such as interaction patterns, motor cognition, and intent signals to distinguish legitimate users from attackers, mule accounts, bots, and social-engineered victims in real time.
With a team of 217 employees, BioCatch serves banks, fintech providers, and enterprises globally, helping them secure digital channels and improve fraud detection efficiency.
How Much Funding Has BioCatch Raised?
1. Seed Round
- Amount Raised: $1M
- Lead Investors: Janvest Capital Partners
- Motivation: To develop core behavioral biometrics technology.
2. Seed Round
- Amount Raised: $600K
- Lead Investors: Janvest Capital Partners
- Motivation: To support early research and platform validation.
3. Series A
- Amount Raised: $6.5M
- Lead Investors: Janvest Capital Partners, OurCrowd
- Motivation: To expand product development and initial market entry.
4. Series A
- Amount Raised: $10M
- Lead Investors: OurCrowd, Blumberg Capital
- Motivation: To scale behavioral biometrics solutions for financial services.
5. Series B
- Amount Raised: $30M
- Lead Investors: Maverick Ventures, OurCrowd, Janvest Capital Partners, CreditEase, Kreos Capital, NexStar Partners, American Express Ventures
- Motivation: To accelerate global expansion and strengthen fraud detection capabilities.
6. Series C
- Amount Raised: $145M
- Lead Investors: Bain Capital, Industry Ventures, American Express, CreditEase, Maverick Ventures, OurCrowd
- Motivation: To expand enterprise adoption and deepen AI-driven identity intelligence.
7. Series C
- Amount Raised: $20M
- Lead Investors: Barclays, HSBC, National Australia Bank, Citi Ventures
- Motivation: To enhance banking fraud prevention and geographic expansion.
Total Funding Raised: $253 Million
Current Valuation: $1.3 Billion (as of May 2024)
Latest Funding Date: November, 2023
Key Investors
1. HSBC
- Details: One of the world’s largest banking and financial services organizations.
- Investment Focus Areas: Financial services, fintech, security.
- Notable Investments: BioCatch, Trulioo, Bud.
2. OurCrowd
- Details: Global venture investment platform backing high-growth technology companies.
- Investment Focus Areas: Cybersecurity, AI, fintech, enterprise tech.
- Notable Investments: BioCatch, Innoviz, Lemonade.
3. Maverick Ventures
- Details: Venture capital firm investing in transformative growth companies.
- Investment Focus Areas: Healthcare, fintech, cybersecurity, enterprise technology.
- Notable Investments: BioCatch, ClassPass, HackerOne.
4. Citi Ventures
- Details: Corporate venture arm of Citi investing in strategic fintech and security innovation.
- Investment Focus Areas: Financial technology, cybersecurity, data intelligence.
- Notable Investments: BioCatch, Plaid, TrueLayer.
5. Blumberg Capital
- Details: Early-stage venture capital firm supporting technology-driven innovation.
- Investment Focus Areas: Cybersecurity, fintech, enterprise software.
- Notable Investments: BioCatch, DoubleVerify, Fundbox.
Where Is BioCatch’s Headquarters?
BioCatch is headquartered in Tel Aviv, Israel, a leading global cybersecurity hub offering strong access to fraud-prevention research talent, fintech partnerships, and enterprise technology ecosystems.
What’s Next for BioCatch?
BioCatch is expected to continue expanding its behavioral intelligence technology across global financial institutions, with increasing focus on scam detection, mule account identification, and AI-based fraud risk assessment. With continued investor backing and growing adoption in banking and fintech sectors, the company is positioned to strengthen its leadership in behavioral biometrics and digital identity protection worldwide.
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