BioCatch is a digital identity company that delivers behavioral biometrics, analyzing human-device interactions to protect users and data.
BioCatch offers a range of behavioral authentication and threat detection solutions for web and mobile applications.
BioCatch was founded in 2011 by Avi Turgeman and Benny Rosenbaum. The company is headquartered in Tel Aviv, Israel.
BioCatch’s offering could help combat the rise in identity theft and cybercrime that’s been growing over the past few decades.
BioCatch’s AI-driven platform protects identities by analyzing more than 2,000 behavioral parameters of user-device interactions to generate real-time risk scores, stopping new account fraud and detecting the use of stolen identities by analyzing how information is entered into online applications.
BioCatch matches user activity against human and non-human (e.g., malware, aggregator, and robot) behavioral profiles to verify identities throughout a session, from login to logout, even spotting signs that a victim is being unwittingly guided through fraudulent activities like money transfers.
BioCatch is used by banks and other enterprises to reduce online fraud and protect against cyber threats, without compromising user experience. The company claims to have over 90 million users across customers like Zelle, American Express, Itau Unibanco, Natwest, and 40 of the world’s largest global financial institutions.
BioCatch is backed by Bain Capital Tech Opportunities, Industry Ventures, American Express Ventures, CreditEase, Maverick Ventures, OurCrowd, and others. The company added another $20M on Sep 30, 2020. This is an extension of its $145 Series C financing raised in Apr 2020, brining the round total to $165M. The additional financing also brings BioCatch's total funding to $206.6M to date.