Chicago-based Fingerprint, a provider of a device intelligence API, has secured $33 million in Series C funding. Leading the round is Nexus Venture Partners, with participation from Uncorrelated Ventures. This latest injection brings Fingerprint's total funding to $77 million.
The fresh capital infusion is expected to further enhance Fingerprint's standing within the enterprise sector, where it has witnessed remarkable growth. The company is set to roll out new tools and capabilities aimed at tackling intricate device identification challenges.
Fingerprint, co-founded by Dan Pinto and Valentin Vasilyev, offers developers the most precise device identifier globally, empowering them to combat online fraud. This technology can thwart malicious activities such as account takeovers, credit card theft, and fake accounts, fostering the creation of secure and seamless online services. Developers can integrate Fingerprint's API into their websites to bolster their fraud prevention measures.
With a relentless focus on accuracy, Fingerprint processes nearly 100 signals from browsers, devices, and networks to produce a stable and persistent unique visitor identifier, ultimately aiding in understanding visitor behavior.
Its advanced technology, rooted in the open-source library Fingerprint.js, is complemented by a pro version that offers enhanced features. The pro version, available at a cost of $79 per month for up to 50,000 requests, achieves a remarkable accuracy rate, identifying 99.5% of returning users in less than 500 milliseconds.
With over 6,000 global companies, including TD Ameritrade, Western Union, and US Bank, placing their trust in Fingerprint, it's evident that their device intelligence platform has become indispensable. This platform, especially crucial amid the declining significance of cookies and the proliferation of VPNs, plays a pivotal role in maintaining a frictionless experience for legitimate users.
Dan Pinto, CEO and Co-founder of Fingerprint, emphasized the challenges faced by businesses dealing with fraudulent transactions and highlighted Fingerprint's role in addressing these issues effectively.
Abhishek Sharma, Managing Director of Nexus Venture Partners, commended Fingerprint for its ability to provide substantial returns on investment to customers and its remarkable product-market fit. He expressed Nexus's enthusiasm for strengthening its partnership with Fingerprint.
As online fraudsters launch increasingly sophisticated attacks, Fingerprint's contribution as a modern utility in the fight against fraud is more vital than ever.