AimBrain, a London startup that offers “biometric id” as a provider to assist fintech corporations and other financial establishments struggle fraud, has raised £4 million in sequence A funding.
BGF Ventures led the round, with participation from Episode 1, Entrepreneur First (EF), and a lot of angel investors including Simon Rozas, Chris Mairs, and Charles Songhurst.
founded in 2015 with the aid of Andrius Sutas and Alesis Novik while they both went via Entrepreneur First — and, notably, in the identical cohort as Magic Pony, the EF startup that exited to Twitter for reportedly as much as $ a hundred and fifty million — AimBrain has built biometric authentication expertise to let companies check a purchaser’s identity.
This comprises verification in keeping with your voice, what your look like, and how you engage with your device, corresponding to typing speed or the way in which your hand shakes — none of which is a new idea in itself.
however, certainly one of AimBrain’s claimed key selling points is the startup’s ‘plug and play’ modular means that enables all three kinds of authentication for use at the same time or in a granular fashion.
for example, says the startup, a financial institution could use behavioural authentication in the history, allowing a consumer to access a banking app without the need for a couple of passwords. If the identical consumer then phones the bank’s call centre, voice analysis will be used, whereas facial attractiveness can be used at ATMs or in-branch.
more crucially (and perhaps gracefully), if AimBrain’s behavioural analysis flags up uncertainty a few purchaser’s id when they’re using an app they can be asked to “step up” to facial or voice popularity, and so on.
“No single biometric is excellent enough in itself,” says AimBrain co-founder Andrius Sutas. “To mitigate as much chance as possible, you desire a platform way. In each testing and are living manufacturing, our know-how has persistently outperformed the market, even on a single module.”
adds Henry Gladwyn, of BGF Ventures, in a remark: “we are very excited to be working with AimBrain. Their expertise is outstanding and is poised to revolutionise the authentication process for monetary products and services firms.”
Fundings & Exits – TechCrunch