PRESS RELEASE
CHICAGO, Oct. 17, 2023 /PRNewswire/ — Fingerprint, the world’s most correct gadget intelligence platform, raised $33 million in Collection C funding led by Nexus Enterprise Companions with participation from Uncorrelated Ventures. Fingerprint aids builders in constructing gadget identification with versatile APIs able to figuring out fraudsters whereas guaranteeing low-friction experiences for trusted customers. The Fingerprint platform leads with best-in-class accuracy, figuring out 99.5% of returning customers in lower than 500 milliseconds of processing time. The brand new funding brings the corporate’s complete funding to $77 million.
“With the gradual demise of cookies and proliferation of VPNs, excessive accuracy gadget identification has by no means been extra vital. Firms battle subtle assaults from on-line fraudsters whereas needing to make sure their trusted clients have a frictionless expertise,” stated Dan Pinto, Fingerprint’s co-founder and CEO. “Fingerprint solves this problem for 1000’s of firms by enabling correct gadget identification and offering extra indicators to tell customer intent with out inconveniencing reliable customers.”
Since its final spherical of funding in 2021, Fingerprint has seen important development stemming from its ease of integration, on the spot worth for new clients through API and intensive documentation. Business leaders like Dropbox belief Fingerprint to detect and block account takeover makes an attempt, whereas Neiman Marcus depends on the identical expertise to create customized experiences for its most valued clients.
“Fingerprint is changing into a contemporary utility for the web economic system to fight fraud,” stated Abhishek Sharma, Managing Director of Nexus Enterprise Companions. “Any enterprise that processes on-line transactions or funds ought to use Fingerprint. Its gadget intelligence API helps high-scale web sites and apps stop fraudulent transactions. We’re impressed by the product’s capacity to ship 10x+ ROI for its clients constantly. We love Fingerprint’s developer-focused go-to-market strategy coupled with its ubiquitous open-source library, FingerprintJS. The corporate has commercially grown 20x over the previous three years. It has a convincing product-market match, from small companies to massive public firms. We’re thrilled to triple down and additional strengthen our partnership with Fingerprint.”
In contrast to different gadget identification strategies, Fingerprint’s persistent customer identifier repeatedly improves and maintains accuracy, whilst browsers are upgraded. Offering a whole view of all customers throughout net and cell units — whether or not or not they’re logged in or concealing their identification — allows firms to construct superior frauddetection and person experiences. Firms use Fingerprint for quite a lot of use instances, together with:
- Defending login pages from automated account takeover assaults and phishing makes an attempt.
- Stopping fee fraud of all types for fee processors and eCommerce retailers.
- Account sharing detection and prevention for SaaS and subscription providers.
- Securing cryptocurrency exchanges.
- Constructing paywalls that may’t be evaded by going incognito, altering IP addresses or clearing cookies.
- Limiting entry for unhealthy actors in on-line gaming and playing.
Fingerprint additionally makes it straightforward for any developer to get began with standard third-party integrations equivalent to Cloudflare, Section, CloudFront and plenty of extra. Moreover, Fingerprint companions with software program distributors, together with Dodgeball, Okta and Spec, to generate extra worth for patrons and improve buyer retention.
The funding will allow Fingerprint to speed up adoption inside bigger Enterprise clients, which have been a vital driver of the corporate’s current development. Fingerprint goals to construct new instruments and capabilities to sort out essentially the most complicated challenges in gadget identification.
For extra info on Fingerprint gadget intelligence, go to Fingerprint.com.
About Fingerprint
Fingerprint, powered by essentially the most correct gadget intelligence platform, allows firms to forestall fraud and enhance person experiences. Fingerprint processes virtually 100 indicators from the browser, gadget, and community to generate a secure and protracted distinctive customer identifier that can be utilized to grasp customer conduct. With a dedication to best-in-class information safety and privateness, Fingerprint is proud to be ISO 27001 licensed, SOC 2 Sort II, GDPR, and CCPA compliant. Fingerprint is trusted by over 6,000 firms worldwide, together with 16% of the highest 500 web sites, to assist catch subtle fraudsters and personalize experiences for trusted customers. Be taught extra at fingerprint.com.
About Nexus Enterprise Companions
Nexus Enterprise Companions is a enterprise capital agency that helps extraordinary founders in constructing product-first firms. The agency takes a high-conviction strategy, serving as inception, seed, or series-A stage accomplice to founders, actively participating with them all through the corporate lifecycle. With $2.6B capital in administration, Nexus portfolio consists of Postman, Apollo.io, MinIO, Fingerprint, Nx, Druva, Observe.ai, Rancher, Pubmatic, Delhivery, H2O.ai, Hasura, Kaltura, Quizizz, Sibros, TileDB, Turtlemint, Unacademy, Zepto, and Zomato. For extra info, go to www.nexusvp.com or observe @nexusvp on X.
