ThreatMark, a Brno, Czech Republic-based behavior-based fraud prevention company, raised $23M in funding.
The round included $15M from Octopus Ventures and Riverside Acceleration Capital (RAC), and an $8M convertible note from Springtide Ventures Fund.
The company intends to use the funds to expand market reach, including key regions like the UK and US, accelerate research and development, and enhance solution capabilities.
Led by CEO Michal Tresner, and CTO Krystof Hilar, ThreatMark provides a fraud prevention platform which enables banks and the financial services ecosystem to fight fraud across all digital channels.
The platform continuously monitors behavioral, device, threat, and transactional data, detecting deviations that signal potential fraudulent activity in real time. With AI and machine learning capabilities, ThreatMark not only identifies known fraud patterns but also adapts to emerging threats, becoming more effective as it processes and learns from new data.
Over the past 12 months, ThreatMark has achieved a year-over-year ARR increase of 75%. This latest investment brings the company’s total fundraising to $37 million since its founding.
FinSMEs
07/01/2025