Gecad Ventures invests in TypingDNA

Bucharest, October 27, 2016. Gecad Ventures has led the first seed investment round in TypingDNA, a Romanian behavioral biometrics cyber security startup based on artificial intelligence. For this round, Gecad Ventures has also syndicated a group of local business-angels, terms of the acquisition being confidential.

TypingDNA is a cyber security SaaS that uses AI to identify and authenticate people based on typing biometrics (the way people type on their keyboard). Typing biometrics (also known as keystroke dynamics) is a new technology that has valuable cyber security applications by securing devices and web applications such as LMS (Learning Management Systems), PSP (Payment Service Providers), corporate apps, and consumer apps that want to reduce fraud and enhance security.

We encourage and invest in innovative technological projects. TypingDNA is one of them and it has all the element it needs to penetrate a global market. The company has a proprietary technological platform which doubled by good execution, can enlist TypingDNA among the top relevant international players within the biometrics cyber security ecosystem” mentioned Radu Georgescu, Founding Partner Gecad Ventures.

Gecad Ventures invests in companies with high growth potential as well as the ability to innovate and deliver new products in their markets. The fund primarily focuses on software and hi-tech companies, including: FinTech, security software, cloud technologies, eCommerce and wearables.

We managed to develop an innovative technology with vast applicability, in fields such as e-learning, e-banking, corporate, and others. By partnering with Gecad Venture, and the angel investors, we will be able to maximize the potential of this revolutionary technology. We are pleased to have their strategic guidance and financial support”, declared Raul Popa, co-founder, and CEO.