Fingerprint, the world’s most accurate device intelligence platform, raised $33 million in Series C funding led by Nexus Venture Partners with participation from Uncorrelated Ventures. Fingerprint aids developers in building device identification with flexible APIs capable of identifying fraudsters while ensuring low-friction experiences for trusted users. The Fingerprint platform leads with best-in-class accuracy, identifying 99.5% of returning users in less than 500 milliseconds of processing time. The new funding brings the company’s total funding to $77 million.
“With the gradual death of cookies and proliferation of VPNs, high accuracy device identification has never been more important. Companies battle sophisticated attacks from online fraudsters while needing to ensure their trusted customers have a frictionless experience,” said Dan Pinto, Fingerprint’s co-founder and CEO. “Fingerprint solves this challenge for thousands of companies by enabling accurate device identification and providing additional signals to inform visitor intent without inconveniencing legitimate users.”
Since its last round of funding in 2021, Fingerprint has seen significant growth stemming from its ease of integration, instant value for new customers via API and extensive documentation. Industry leaders like Dropbox trust Fingerprint to detect and block account takeover attempts, while Neiman Marcus relies on the same technology to create personalized experiences for its most valued customers.
“Fingerprint is becoming a modern utility for the internet economy to combat fraud,” said Abhishek Sharma, Managing Director of Nexus Venture Partners. “Any business that processes online transactions or payments should use Fingerprint. Its device intelligence API helps high-scale websites and apps prevent fraudulent transactions. We’re impressed by the product’s ability to deliver 10x+ ROI for its customers consistently. We love Fingerprint’s developer-focused go-to-market approach coupled with its ubiquitous open-source library, FingerprintJS. The company has commercially grown 20x over the past three years. It has a resounding product-market fit, from small businesses to large public companies. We’re thrilled to triple down and further strengthen our partnership with Fingerprint.”
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- Protecting login pages from automated account takeover attacks and phishing attempts.
- Preventing payment fraud of all forms for payment processors and eCommerce retailers.
- Account sharing detection and prevention for SaaS and subscription services.
- Securing cryptocurrency exchanges.
- Building paywalls that can’t be evaded by going incognito, changing IP addresses or clearing cookies.
- Restricting access for bad actors in online gaming and gambling.
Fingerprint also makes it easy for any developer to get started with popular third-party integrations such as Cloudflare, Segment, CloudFront and many more. Additionally, Fingerprint partners with software vendors, including Dodgeball, Okta and Spec, to generate additional value for customers and increase customer retention.
SOURCE: PRNewswire