The phone ecosystem is insecure. Caller ID is broken. How many times have you got a call from a bank and wondered if it was really your bank calling? Especially when they were asking for your social security number. Enterprises face the same issue. How do they know they are talking to you? Or are they just getting ready to wire a transfer or ship a camera to someone halfway across the world. Pindrop Security has been building up its phone fingerprinting technology to help enterprises and individuals answer the fundamental question of who is really calling.
Today, we are pleased to announce that we have completed a Series A investment round led by Andreessen Horowitz and Citi Ventures. While we’re growing and adding customers already, this funding will allow us to accelerate our growth to meet the demand we’re seeing in the market. We will be adding skilled developers, support staff and make additional investments in marketing, sales and business development including the hiring of world class executives. This will also allow us to expand to meet the demand from customers in other parts of the world.
We’ll be adding Scott Weiss of Andreessen Horowitz to our board. Scott has shared our vision of building a better way to identify who is on the other end of a phone call. Since Andreessen was a seed round investor, Scott has already been working with us for over a year and we’re excited to have him be more formally involved. See what he has to say about the deal.
In addition, having the venture arm of one of the largest banks in the world, Citi Ventures, participate in this round demonstrates how important our solution is to banks. This partnership will allow us to make the financial vertical a stronghold for our solutions.
A funding deal is never an end – it’s a commitment and a beginning. Now we are more prepared than ever to achieve our goal: we’re going to make the phone trustworthy again, for businesses and for regular folks.
Thanks for the continued support and stay tuned.
Founder, CEO & CTO