Startup TypingDna received an investment of $ 7 million from several funds

By Andra Beltz
The Romanian cybersecurity startup TypingDNA received a total investment of $ 7 million in a new Series A round, led by Gradient Ventures, Google’s AI (Artificial Intelligence) investment fund, as well as with the participation GapMinder Ventures and Techstars Ventures, along with other existing investors from previous rounds, reports a press release from the GapMinder fund that has invested $ 1.2 million in this new round.
The startup plans to use this new investment to expand its developer support network and provide more tools to integrate its API with existing web site development platforms.
This funding comes after TypingDNA obtained a $ 1.5 million investment in a Seed-type round led by GapMinder Ventures, in November 2018, with investors from the United States, the United Kingdom and Romania.
TypingDNA has developed its own artificial intelligence algorithms and technologies for user authentication based on how they use the keyboard. Through a process of observing and learning how the user types, TypingDNA can recognize a particular user’s subsequent attempts by matching them to the known account. This technology, known as typing biometrics, will allow existing applications such as authentication, fraud detection, password recovery, in various fields such as banking, but also online assessment tests in the field of education, to authenticate users more securely than forms. traditional 2FA authentication (with two factors).
“The progress of research, development and adoption of typing biometrics is of global importance. Keyboards are today embedded in almost any device, making that typing behavior the most widely available of users’ biometric data. will allow us to continue our mission of providing user-friendly, non-intrusive biometrics and enhanced security to people around the world, “said Raul Popa, CEO and Co-Founder of TypingDNA.
“We are very confident in the vision of TypingDNA and their evolution, and we are comfortable continuing to support their hyper-development internationally, beyond the current level of the $ 8.5 million raised by TypingDNA in the Seed rounds. and Series A “said Dan Mihaescu, Founding Partner of GapMinder.
TypingDNA, with offices in New York and Oradea, was established in 2016. The company started from Romania where it gained prestigious recognition and awards and opened offices in New York in 2018, following admission to Techstars business accelerator. TypingDNA currently has clients and partners from around the world.