Device intelligence platform Fingerprint raises $33 million from Nexus Venture Partners, others
Fingerprint, a startup that helps developers to build security solutions through device intelligence application programming interfaces (APIs), has raised $33 million in a Series C funding round led by Nexus Venture Partners, taking the company’s total funding to $77 million. The round also saw participation by Uncorrelated Ventures.
The Chicago-based company said that the funding comes at a time when the decline of cookies and the increased use of virtual private networks (VPNs) has heightened the importance of precise device identification. It claims to identify 99.5% of returning users in less than 500 milliseconds of processing time.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisit“With the gradual death of cookies and proliferation of VPNs, high-accuracy device identification has never been more important. Companies battle sophisticated attacks from online fraudsters while needing to ensure their trusted customers have a frictionless experience,” Dan Pinto, cofounder of Fingerprint, said in a news release.
Globally, over 6,000 companies employ its services to protect their login pages from phishing attempts and to address various other use cases. Payment processors and e-commerce retailers also leverage these services to combat payment fraud.
“Fingerprint solves this challenge for thousands of companies by enabling accurate device identification and by providing additional signals to inform (them of) visitor intent without inconveniencing legitimate users,” Pinto added.
The company said
