WireSecure
Cybersecurity platform for fraud prevention and transaction automation.
| Date | Investors | Amount | Round |
|---|---|---|---|
$2.8m | Seed | ||
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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WireSecure is a cybersecurity company that developed a platform to prevent fraud and automate financial transactions. The company is currently listed as out of business as of January 2024.
The platform was designed to validate the identities and accounts of all parties involved in a transaction, aiming to remove potential points of failure in the process. This service was intended to protect businesses from financial loss and data leaks. For email communications, WireSecure offered a Gmail add-on that could request identity verification from a sender. This process involved the sender providing a state identification and completing a facial scan to confirm their identity before the email's recipient would receive a verification or a warning.
The company's target market included the real estate, banking, and capital sectors, offering solutions for private equity firms, LPs, and other financial institutions. The tools provided were aimed at automating and managing transactions, preventing fraud, and reducing manual data entry. Based in New York City, WireSecure was backed by venture capital, with investors including Activate Venture Partners and Evans Capital.
Keywords: cybersecurity, fraud prevention, transaction automation, financial security, identity verification, data leak prevention, financial software, RegTech, capital markets technology, real estate technology, banking security, account validation, VC-backed, network management software, business software