What is Pindrop?
Pindrop Security specializes in providing sophisticated risk scoring solutions for phone calls, enabling businesses to detect fraudulent activities and authenticate callers with high accuracy. Headquartered in Atlanta, Georgia, the company operates within the critical cybersecurity landscape, addressing the increasing threats posed by voice-based scams and identity theft. Its technology is vital for financial institutions, contact centers, and other organizations that rely on secure voice communications.
How much funding has Pindrop raised?
Pindrop has raised a total of $322.7M across 6 funding rounds:
Angel/Seed
$1M
Series A
$10.9M
Series B
$35M
Series C
$85.8M
Series D
$90M
Debt
$100M
Angel/Seed (2012): $1M with participation from New World Ventures, GRA Venture Fund, Webb Investment Funding, Sigma Partners, and Andreessen Horowitz
Series A (2013): $10.9M led by Citi Ventures, Redpoint Ventures, Felicis Ventures, and Andreessen Horowitz
Series B (2015): $35M supported by Redpoint, Felicis Ventures, Institutional Venture Partners, Citi Ventures, Webb Investment Funding, and Andreessen Horowitz
Series C (2015): $85.8M featuring Google Capital, Institutional Venture Partners, Andreessen Horowitz, Google Ventures, and Felicis Ventures
Series D (2018): $90M backed by Allegion, Andreessen Horowitz, CapitalG, GV, Vitruvian Partners, EDBI, Goldman Sachs, Citi Ventures, IVP, Dimension Data, and Cross Creek Advisors
Debt (2024): $100M with participation from Hercules Capital
Key Investors in Pindrop
Google Capital
Google Capital, backed by Alphabet, is a growth equity fund that invests in disruptive companies. They focus on long-term technology trends and connect entrepreneurs with Google's extensive resources.
Institutional Venture Partners
Institutional Venture Partners (IVP) is a prominent later-stage venture capital firm specializing in high-growth technology companies across consumer, enterprise, and fintech sectors, supporting them through scaling and exit.
Andreessen Horowitz
Andreessen Horowitz is a venture capital firm known for investing in technology companies. Their focus spans various stages, providing strategic guidance and capital to foster growth and innovation.
What's next for Pindrop?
With its substantial backing, Pindrop is strategically positioned to further innovate and expand its offerings in the rapidly evolving cybersecurity market. The company's trajectory suggests a focus on scaling its operations, enhancing its AI-driven fraud detection capabilities, and potentially exploring new verticals where voice security is paramount. This latest round of financing will likely fuel research and development, allowing Pindrop to stay ahead of emerging threats and solidify its leadership in call security and authentication.
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