China-based cybersecurity company Marknum Technology has reportedly raised $14m in its Series B round.
The investment was led by Aurora Private Equity and GSR Ventures, according to a report from Qingdao Wei’er Asset Management and Zhuhai Wei’er Capital also contributed to the round.
With the fresh funds, the company will look to enhance its AI technology and bolster its marketing efforts, the report states.
Marknum Technology leverages AI technology to help protect businesses from online threats. Its platform can be used for data protection, virtual identity capture, remote management, face detection, anti-fraud, voiceprint comparison, identity authentication and more.
Last year, GSR Ventures led the $5.7m Series A round of AI-based voice and behavioural biometrics technology developer ID R&D. The RegTech offers multi-modal biometrics security software. Its technology suite includes tools for voice and face biometrics as well as behavioural biometrics. Behavioural biometrics works by AI technology monitoring how a user interacts with a web and their devices, such as keystroke dynamics.
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