FingerprintJS on Friday said, “It has raised $8 million in series A round funding led by Nexus Venture Partners.”
The round also saw the participation from Uncorrelated Ventures, Hack VC, ERA’s Remarkable Venture funds, and Rony Kahan (Chairman & Co-founder of Indeed).
FingerprintJs that help prevent fraud, soam, and account takeovers with its highly accurate browser fingerprinting as a service technology. This investment will help FingerprintJS further enhance its product offering and accelerate adoption.
Speaking on the investment in FingerprintJS, Abhishek Sharma, Principal, Nexus Venture Partners said, “We are thrilled to strengthen our partnership with FingerprintJS. It has been existing to witness steady growth in their Open source adoption and business monument. Dan and Valentin have built an attractive monetization model with self-serve, sign-up, and usage based pricing that has led to 200+ paid customers rapidly.”
“Online commerce is growing globally; the need for solving fraud has never been higher. FingerprintJS API offers developers an important building block to seamlessly embed fraud prevention capabilities into their code,” he said.
Commenting on the development, Valentin Vasilyev, CTO of FingerprintJS said, “Software engineers have the best understanding of the problems. We can help save they test our technology see how accurate it is and then convince their business counterparts that building with us is the best solution.”
“Browser fingerprinting is just the start of a suite of developer-focused fraud prevent tools,” Dan Pinto, CEO of FingerprintJS said.
“The amazing thing about building via open source and focusing on programmers is that they teach us new ways to use our technology and we can productize that insight to generate value for every other company experiencing the same problems,” Pinto added.