Pindrop Security, a startup that aims to stop caller ID fraud, announced today that it raised $1 million in seed funding. Investors include Andreessen Horowitz, GRA Venture Fund, New World Ventures, Sigma Partners, and Webb Investment Network.
According to the Atlanta Business Chronicle:
“Pindrop, backed by serial entrepreneur Paul Judge, expects to raise a $5 million to $8 million Series A round in mid-2012, is tapping into a mammoth market.”
Come see Pindrop Security demo its latest technology on stage at FinovateSpring next week.