Pindrop Security, a startup that aims to stop caller ID fraud, announced today that it has received $11 million from Andreessen Horowitz and Citi Ventures.
Other investors contributing to Pindrop’s Series A round include:
- Redpoint Ventures
- Felicis Ventures
- Webb Investment Network, which led Pindrop’s Seed Round last May
The Atlanta-based company plans on using the funds to add resources in engineering, operations, and sales and marketing in the U.S., Canada and Europe in order to better meet customer demand.
Scott Weiss, General Partner for Andreessen Horowitz, has joined Pindrop’s board.
To learn more about Pindrop Security, watch its FinovateFall 2012 demo.