San Francisco-based customer protection startup Darwinium has secured $10 million in a seed investment round, which will be directed towards expanding its product and customer base as it seeks to consolidate internal cybersecurity tools and fraud prevention systems in an effort to better curb online fraud and account compromise, according to SecurityWeek.
Numerous banking, e-commerce, payments, gaming, and travel sector entities have already adopted Darwinium's platform, which provides real-time detection of bad behaviors through continuous digital interaction assessments across APIs, applications, and websites. Aside from determining malicious behavior, Darwinium's solution also enables automated threat remediation through digital interaction signatures that facilitate the conversion of behaviors into identities.
"Protecting your customers must be about continuously scrutinizing their digital journey and behavior, rather than a point-in-time evaluation. It requires a joined-up system that allows proper collaboration between digital security and fraud via one singular view," said Darwinium founder and CEO Alisdair Faulkner.