AimBrain bags £350,000 to help determine if users are who they say they are
Episode 1 Ventures has backed the London-based biometrics company which monitors online behaviour to determine a users’ true identity
AimBrain, a London-based biometric security platform, has scooped £350,000 from venture capital firm Episode 1 Ventures.
Founded in July 2014, AimBrain is a authentication platform for mobile, website or application that helps determine if users are who they say they are using behavioural, facial and voice recognition.
The platform’s software detects what, and how, people interact with content online and learns their behaviour to create a unique biometric signature through location, touch pressure, and typing speed.
The funding will be used to expand its team in order to deliver multiple projects with major UK high street banks and security companies.
Andrius Sutas, founder and CEO of AimBrain, commented: “We are working towards building the market-leading mobile biometric authentication platform. So far the response has been overwhelming – we are in active discussions with many large financial institutions and name brand enterprise security players.
“In particular, we have just successfully concluded a pilot for a major UK high street bank – where actual results significantly exceeded pre-pilot targets. Our goal is to disrupt the biometrics field and make multiple biometric modalities extremely easy to integrate by anyone.”
Paul McNabb, partner at Episode 1, added:
“The password centric model of security is dead. People cannot remember passwords and get confused or discouraged by complex multi-step sign on processes.
“The end result is often lost commercial opportunity, consumer frustration, fraud, and poor protection for banks and other service providers. AimBrain’s vision of multimodal biometrics is not only many times more secure, but offers a much easier and more reassuring user experience.”