ThreatMark, a cybersecurity company focused on fraud prevention for financial institutions, has secured $23m in a funding round led by Octopus Ventures, Riverside Acceleration Capital, and Springtide Ventures.
The funding demonstrates investor confidence in ThreatMark’s mission to combat online fraud, which caused global losses amounting to $486bn in 2023.
ThreatMark is known for its Behavioural Intelligence Platform, which combines transactional monitoring, threat detection, and behaviour-based authentication. The platform enables banks to detect and stop sophisticated fraud attempts in real time while ensuring a seamless experience for legitimate users.
The company plans to use the new capital to drive innovation in its AI-driven solutions, expand its fraud prevention tools, and make these tools more accessible to financial institutions of all sizes.
ThreatMark CEO Michal Tresner said, “This investment is a strong endorsement of ThreatMark’s position and will help accelerate our growth. We are committed to leveraging Octopus Ventures’ and RAC’s support to further our mission of protecting people and their transactions, as well as intensifying our efforts to disrupt fraudsters.”
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