SecurityWorldMarket

06/09/2018

Plurilock surpasses $1M sales of biometric software

Victoria, Canada

Plurilock’s product suite authentication means that users are continuously authenticated as they work based on patterns in their keystrokes and mouse movements.

Plurilock Security Solutions, a provider of behavioural-biometric cybersecurity tools, has surpassed $1 million in revenue in the midst of launching the SaaS-based version of its cyber security product suite.

Plurilock’s product suite uses behavioural biometrics and AI to provide continuous authentication, rather than login-based authentication. Users are continuously authenticated as they work based on patterns in their keystrokes and mouse movements.

The company’s platform allows organisations to discover insider threats, privileged access elevations, and misused credentials. Plurilock also announced it has added a product for user behaviour analytics use cases, and said high-demand for this feature—which bring patented capabilities from its on-premise Biotracker product into the cloud—allowed it to surpass $1 million in revenue in 12 months.

“Enterprises are struggling to balance security, both internally and externally, while still enabling their end users to get work done,” said Plurilock CEO Ian Paterson. “We’ve seen tremendous uptake for our invisible identity assurance to eliminate the friction from authentication, including logins, remembering passwords, annoying step up two factor prompts, while reducing the time to detect intrusions from months to seconds.”

Paterson said he launched Plurilock to address challenges in the cyber security and authentication space, especially as enterprises struggle to manage security both internally and externally. The company’s team put over 35,000 hours of research to build its platform, and raised a $3 million funding round in July.


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