Neil Costigan

BehavioSec

behaviosec.com

t:@BehavioSec

CEO: Neil Costigan

Founder(s):  Olov Renberg, Kristofer Nygren, Hans Peterson

Founded: 2007

Total Funding: $25.7M

Most Recent Funding: $17.5M Series B Jan 2018

Sectors: Biometrics, Security

HQ: Lulea, Sweden

BehavioSec transforms behaviour into a transparent additional layer of security by monitoring, in real-time, the way users interact with their devices. BehavioSec’s technology recognises if a conflicting user is operating a device by monitoring the environment, rhythms, and interaction patterns that are unique to each user. The solution is designed to enhance security without impacting the user experience. With offices in the UK, Germany, the Netherlands and Sweden, BehavioSec is currently deployed across Northern Europe retail banks protecting over 1,5 billion transactions per year.

In January 2018, BehavioSec raised $17.5M in a Series B funding in an investment round led by Trident Capital Cybersecurity, whose Managing Directors, J. Alberto Yépez and Ken Gonzalez, will join BehavioSec’s board of directors. The round also saw contributions from ABN AMRO and Cisco Investments, in addition to returning investors Conor Venture Partners and Octopus Ventures. Behaviosec will use the investment to expand global operations and relocate corporate HQ to the US.