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Pindrop Security Raises $1 Million in Seed Funding

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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.