IronVest, whose technology is designed to protect personal accounts and personal data from fraud, has emerged from stealth mode with a $23m seed round of funding. The investment will be used to further expand the team and accelerate go-to-market efforts.
<! pod><! pod>New York and Israel-based Ironvest uses patent-pending biometric fraud prevention technology to ensure only the correct person can access sensitive accounts - such as for banking, e-mail, file sharing, business applications and health records - and data during sign-in and throughout a session. This protects users' personally identifiable information through use of masked e-mail addresses, virtual phone numbers and virtual credit cards. The service is available as a mobile app, a browser extension and through an enterprise software development kit.
New funding has been led by Accomplice, with participation from Trust Ventures, Ulysses, Joule Ventures, OurCrowd, and a number of strategic angel investors. Avi Turgeman (pictured), IronVest co-founder and CEO, comments: 'I've spent my entire professional life designing biometric fraud detection systems for the world's largest financial institutions. At IronVest, we are moving beyond fraud detection and are focused on empowering individuals to get 360-degree protection from all types of fraud without relying on the online services they are using to do this for them'.
Web site: www.ironvest.com .
All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas unless otherwise stated.
Register (free) for Daily Research News
Simple printable version of this article
REGISTER FOR NEWS EMAILS
To receive (free) news headlines by email, please register online