While headphones may not be the “sexy” tech that comes to mind when thinking of Silicon Valley, this idea is one example of reimagining the possibilities of what an antiquated product could be. To a similar degree, Pindrop created its industry leading fraud prevention and authentication platform on the phone channel. Phone fraud may not be as headline grabbing as cyber crime, but security on the phone channel has remained static for nearly 40 years, and we’re solving a huge problem for companies that rely on call centers for customer transactions.
We recently solidified a patent for our Phoneprinting technology, which can dissect audio and identify indicators of fraud. The implications of this technology are already being seen in the call centers of the largest financial and retail institutions in the U.S. Looking forward, this same technology that determines the legitimacy of a customer can be used to determine whether the content transferred during the transaction has been manipulated in flight in real time.
Pindrop is ensuring the security of the smart homes and devices of the future. Millions of citizen’s can sleep soundly knowing that their financial assets are safe, which is truly a cause Somesh and IVP support backing over the long run.
We wanted to take this time to congratulate Somesh on his great article and for recognizing that he must not overlook those innovators that look back to the future – reimagining how an old technology can address new problems for the consumers or enterprises.
Read Somesh’s article here: https://techcrunch.com/2015/06/14/how-entrepreneurs-can-strike-a-balance-between-old-and-new/
Written by: Mike Yang
- 06.15.15
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