Dutch bank ABN Amro has revealed that its Digital Impact Fund (DIF) has acquired a certain interest in American cybersecurity firm BehavioSec.
ABN Amro was joined by Trident Capital Cybersecurity, Cisco Investments, Octopus Ventures and Conor Venture Partners in the funding round, which helped BehavioSec raise $17.5m in series B funding.
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BehavioSec creates digital fingerprints of specific users by combining unique attributes such as keystroke cadence or finger pressure while they work across mobile devices, traditional computers or web browsers. The digital fingerprint provides a clear picture of a user’s identity.
ABN Amro said that the bank will explore use of BehavioSec’s technology for the benefit of its clients by offering an additional passive layer of security controls.
BehavioSec intends to use the proceeds to expand its global operations.
BehavioSec is considering rolling out new solutions such as enterprise authentication solutions, integrated decision intelligence for partner offerings with Gemalto, Vasco, Crossmatch, Nuance and others in early 2018.
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By GlobalDataABN AMRO’s Digital Impact Fund is the bank’s corporate venture capital fund worth €10m, which currently owns stakes in Tink (Sweden) and Cloud Lending Solutions.
