Atlanta-based cybersecurity company Pindrop Security Inc. reported $6.8 million to the U.S. Securities and Exchange Commission on April 1.
The filing is believed to be in conjunction with Pindrop's acquisition of Next Caller Inc. Pindrop declined to comment further on the financial details of the acquisition.
The company, founded in 2011, has more than $211 million in venture capital funding, according to Crunchbase. Investors include Andreessen Horowitz, Sigma Partners, Citi Ventures, Institutional Venture Partners, CapitalG, GV and Vitruvian Partners.
Pindrop, the brainchild of CEO Vijay Balasubramaniyan, Georgia Tech professor Mustaque Ahamad and serial entrepreneur Paul Judge, focuses on ensuring a standard for identity, security and trust in voice interactions.
Pindrop technology was developed at the Georgia Tech Information Security Center, showcasing the importance of Atlanta's university research systems, an often-cited strength for the local technology ecosystem.
The company announced it acquired New York-based Next Caller in March to expand its call verification and fraud detection technology. Balasubramaniyan called Next Caller a “true pioneer” for device verification in a news release.
Though the acquisition, Pindrop aims to expand its customer base and the flexibility and options of its technology offerings in the fraud, caller verification and authentication space.
“The need for our combined solutions will only continue to grow as brands across multiple industries not only look to better secure their voice channel, but also improve the customer experience,” Balasubramaniyan said in the release.
Shortly after that acquisition, Pindrop announced a European expansion for its cloud-based anti-fraud and authentication product suite, which include Pindrop Passport and Pindrop Protect.
In 2018, Pindrop planned to use its $90 million Series D round, led by London growth-stage firm Vitruvian Partners, to jumpstart its global expansion.
Correction: A previous version of this article mistook Pindrop's $6.8 million filing for an investor round. This error has since been corrected.
A previous version of this article mistook Pindrop's $6.8 million filing for an investor round. This error has since been corrected.
