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Paul Judge’s Pindrop Raises $90 Million In New Funding

Pindrop, a voice security and authentication startup, announced Wednesday that it closed a $90 million Series D funding round.

The Atlanta-based company is set to expand globally to provide additional products and partnerships with telecommunications companies. Allegion Ventures, Cross Creek, Dimension Data, Singapore-based EDBI, and Goldman Sachs contributed to the funding round.

“At Pindrop, we are bringing trust and security into voice-based interactions to enable the evolution of voice as the next computer interface,” said Executive Chairman and Cofounder of Pindrop Dr. Paul Judge said in a press release. “This investment allows Pindrop to grow globally and expand into securing voice-based IoT devices.”

Pindrop isn’t Judge’s first rodeo —the Morehouse alum co-founded two other startups before creating his latest company in 2011. Judge also co-founded consumer WiFi company LumaHome, which was acquired earlier this year and web security company Purewire, which was acquired in 2008. He’s also invested in more than 60 technology startups.

Pindrop’s latest investment round was led by London-based firm Vitruvian Partners, one of the largest growth capital investment funds in Europe. Pindrop is also backed by existing investors Andreessen Horowitz, Citi Ventures, Felicis Ventures, CapitalG, GV, IVP and Vitruvian Partners.

Pindrop has raised over $200 million since it’s founding. The company says it’s stopped more than $350 million dollars worth of voice based fraud in 2018 alone.

Originally posted Afrotech.com


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