WilmerHale Steers Anti-Fraud Tech Biz In $145M Financing

Law360 (April 15, 2020, 2:14 PM EDT) -- BioCatch said Wednesday it has raised $145 million from investors such as Bain Capital's venture arm that the WilmerHale-steered fraud-prevention technology company will use to spur growth and expand its product offerings.

BioCatch is a behavioral biometrics company that monitors user behavior online in order to catch abnormalities that could signal fraud or robotic activity, according to its website. The New York- and Israel-based company primarily works with financial institutions but is looking to grow its footprint in the e-commerce and public sectors, the announcement said.

The coronavirus pandemic's effects on people's working habits highlights the need for BioCatch's technology, CEO...

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