Cybersecurity startup HUMAN Security has raised over $50 million in additional growth funding. The investment was led by WestCap (which invested in FLYR and HuntClub) and saw participation from Goldman Sachs Asset Management LP, ClearSky Security, NightDragon Security and Vertex Venture Holdings.
With this latest round, the company has raised a total funding of around $300 million to date, including a round of $100 million in January 2022.
Funds utilisation
The investment will bolster HUMAN on its mission to protect the integrity of the digital world by ensuring every online interaction, transaction, and connection is authentic, secure, and human.
It will further accelerate the platform’s growth by incorporating advanced AI techniques to enhance scale and efficacy, including improvements to digital account protections, and new media security solutions for click fraud defence and advertising integrity for platforms, agencies, and brands.
The funding will also deepen HUMAN’s engagement in the public sector, driving new use cases that enhance cybersecurity for government entities in response to the proliferation of influence operations. Further, investment and focus will be placed on unlocking the full platform power of HUMAN’s truly unique products and insights and strengthening capabilities across the entire customer journey.
“From ad fraud and account takeover to account fraud and compliance, HUMAN has proven their platform can defend against most prolific threats on the internet today,” said Kevin Marcus, Partner, Co-COO and Head of Strategic Operators at WestCap. “HUMAN is uniquely positioned to protect the integrity of the digital world by bringing trust back into the equation in the fight against bots, fraud and digital risks.”
“HUMAN’s platform and its intelligent technology, fueled by uniquely scaled signal intelligence, helps its clients protect against a wide range of sophisticated modern threats and empowers them to make high-fidelity decisions,” said Anthony Arnold, Managing Director at Goldman Sachs. “Following this growth investment in HUMAN, we look forward to working with them and our partners to accelerate HUMAN’s leadership across these new areas of investment.”
Protects integrity of the digital world
The company started surrounded by stories in the back of a sci-fi bookstore in Brooklyn, New York. Its founders Tamer Hassan, Michael Tiffany, Dan Kaminsky, and Ash Kalb bonded over a shared mission – to protect the integrity of the internet by disrupting the economics of cybercrime.
Since its debut over a decade back, HUMAN Security safeguards organisations from bot attacks, fraud, and digital abuse by using a unique approach – modern defence. This strategy protects advertisers, enterprises, and brands. The company ensures the internet stays just how we like it – human.
The company ensures that every digital interaction, transaction, and connection is authentic, secure, and human. The Human Defense Platform safeguards the entire customer journey with high-fidelity decision-making that defends against digital threats. Each week, HUMAN verifies 20 trillion digital interactions, providing unparalleled telemetry data to enable rapid, effective responses to even the most sophisticated threats.
“HUMAN stands at the forefront of cybersecurity, offering a unique approach to protecting the entire digital commerce ecosystem globally. From the moment digital ad content is served, through its publication and consumer engagement, to the critical account decision points, HUMAN offers real-time protection ensuring proactive detection and disruption of the most sophisticated threats,” said Stu Solomon, CEO of HUMAN. “With this growth investment from WestCap, Goldman Sachs, ClearSky, NightDragon and Vertex Ventures US, we will accelerate our leadership position by delivering one powerful platform that ensures every interaction, transaction and connection is authentic, secure and trustworthy.”
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