HomeFundingRomanian startup TypingDNA raises €1.3 million to identify people by the way...

Romanian startup TypingDNA raises €1.3 million to identify people by the way they type

Bucharest-based TypingDNA, a creator of typing biometrics technology and a graduate of Techstars NYC 2018 Winter batch, has raised €1.3 million in seed funding from European venture firm GapMinder Venture Partners, with participation from several international investors from the US, UK, and the EU.

TypingDNA uses AI to recognise people by the way they type on desktop keyboards and mobile devices. The company’s technology—known as typing biometrics—improves security through passive authentication and frictionless two-factor authentification.

Founded in 2016 in Romania by entrepreneur and data scientist Raul Popa, TypingDNA has clients in the US and Europe, and began partnering with identity access management (IAM) providers and security companies in 2018. The startup also works directly with banks and other financial service providers to improve online fraud detection.

The company plans to use the funds to improve their technology and expand their presence in the financial and enterprise sectors. TypingDNA will also build new partnerships and increase awareness of their passive online fraud prevention capabilities.

“We are now setting new standards in the industry,” said Raul Popa, CEO of TypingDNA. “Our goal is to be the number-one provider of typing biometrics technology. We are focused on striking more partnerships with major players in identity, authentication, two-factor authentication (2FA) and fraud prevention.”

“We are constantly looking in the areas which can make a strong statement in what we call change, and AI is one of the main areas where we put our eyes and money,” said Cosmin Ochisor, Partner at GapMinder. “TypingDNA biometrics technology is using proprietary pattern recognition, anomaly detection and one shot learning algorithms, adding a lot of value to the bottom line. We feel TypingDNA is at the forefront of the ‘AI-first’ wave.”

Mary Loritz
Mary Loritz
Mary served as Head of Content at EU-Startups.com from November 2018 until November 2019. She is an experienced journalist and researcher covering tech and business topics.

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