Pindrop, an Atlanta, GA-based company which specializes in voice authentication and security, raised $100M in debt financing.
Hercules Capital, Inc. (NYSE: HTGC) made the investment.
The company intends to use the funds to further develop its audio, voice, and AI technologies, enhancing its offerings for customers in the banking, finance, contact center, insurance, utilities, healthcare, retail, and other industries.
Founded in 2011 by Dr. Vijay Balasubramaniyan, Dr. Paul Judge, and Dr. Mustaque Ahamad, Pindrop provides voice solutions for identity, security, and voice interaction. It protect banks, insurers, and retailers using patented technology that extracts intelligence from every call and voice encountered. The company helps to detect fraudsters and authenticate genuine customers, reducing fraud and operational costs while improving customer experience and protecting brand reputation.
Commenting on the news, Vijay Balasubramaniyan said: “This funding will fuel our ongoing growth and innovation in voice and AI technologies. As cyber threats continue to evolve, our mission to stay ahead of fraudsters and protect our customers is more critical than ever. We’re excited about the future as we remain committed to driving advancements that safeguard major institutions and deliver unparalleled security in the digital age.”
FinSMEs
17/07/2024