Neuro-ID Secures $35M in Series B Funding
- Neuro-ID’s next generation analytics optimize conversion by segmenting genuine vs fraudulent user behavior
- Customers including Intuit, Square, Affirm, OppFi and Elephant Insurance have increased conversion by 200% and reduced historical fraud rates by 35%
- Funding to fuel platform growth through expanded product development and go-to-market efforts
- Follows active year of expansion, including 3-4x client and revenue growth and 500% increase in monitored customer journeys
WHITEFISH, Mont.--(BUSINESS WIRE)--Neuro-ID today announced that it has raised $35 million in Series B funding led by Canapi Ventures. Existing investors Fin VC and TTV Capital also participated in the round. Neuro-ID will use the additional capital to accelerate its mission of unlocking conversion and optimizing fraud screening for digital organizations of all sizes.