Pindrop Secures $100 Million for Fraud and Deepfake Detection Technologies

Pindrop, a voice authentication and security solutions provider, has secured $100 million in debt financing from Hercules Capital to further develop its audio, voice, and artificial intelligence technologies.

"We're pleased to secure this financing with Hercules Capital at such a pivotal moment for Pindrop," said Pindrop Founder and CEO Vijay Balasubramaniyan in a statement. "This funding will fuel our ongoing growth and innovation in voice and AI technologies. As cyber threats continue to evolve, our mission to stay ahead of fraudsters and protect our customers is more critical than ever. We're excited about the future as we remain committed to driving advancements that safeguard major institutions and deliver unparalleled security in the digital age."

"Hercules is incredibly excited to partner with Pindrop as they continue working to transform the AI and voice authentication landscape," said John Eggbeer, managing director of Hercules Capital, in a statement. "We're proud to support their mission of safeguarding major institutions from rising cyberattack threats. This financing will help accelerate their growth and innovation, enabling them to expand their reach and enhance their capabilities in providing robust security solutions."