Luminii provides CDD support to Octopus and Riverside on their investment in ThreatMark
Luminii are delighted to have provided Commercial Due Diligence (CDD) support to Octopus Ventures and Riverside Acceleration Capital on their investment in ThreatMark, a cybersecurity company focused on fraud prevention for financial institutions.
ThreatMark's $23m fundraise marks a significant milestone for the Company, which was founded in the Czech Republic. ThreatMark's Behavioral Intelligence Platform uniquely combines transactional monitoring, threat detection, and behavior-based authentication to identify and mitigate fraud in real time. By analysing subtle behavioral patterns alongside device and transactional data, ThreatMark empower banks to detect and stop even the most sophisticated attacks, all while ensuring legitimate users remain unaffected.
The funding will be used to expand the Company's market reach, including key regions like the UK and US, accelerate research and development, and enhance solution capabilities. These efforts will help ThreatMark to stay at the forefront of fraud prevention and provide even greater value to its customers.
"Luminii are delighted to have supported Octopus and Riverside on this transaction. This is yet another deal that helps to strengthen our credentials in the TMT and Cybersecurity sectors. We wish Octopus Ventures, Riverside Acceleration Capital and ThreatMark continued success for the future." - Lushani Kodituwakku, Managing Director, Luminii Consulting
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