Online security companies are always working to stay one step ahead of fraudsters. Socure, a New York-based company is out to fight these malevolent deeds with an approach it calls Social Biometrics.
As it turns out, it pays to be good. The company just closed a $2.5 million round of funding this week. Investors include:
- Founder Collective
- Two Sigma Ventures
- ff Venture Capital
This, added to Socure’s $2.2 million Seed round it generated in March, brings the company’s total funding to $4.7 million.
Socure’s fraud detection solution uses people’s social behavior across networks to determine the authenticity of their identity. See their debut of Social Biometrics at FinovateFall 2013.