- Companies
- Pindrop
Pindrop Valuation, Funding & Investors
Pindrop is valued at $977M as of December 2022.
Last Pindrop valuation
$977M
Seed · Dec 2022
Last Pindrop funding round
$5M
Seed · Dec 2022
Cumulative funding Pindrop raised
$217M
across 5 funding rounds
Key investors in Pindrop
Andreessen Horowitz
Citi Ventures
Felicis
IVP
GV
Redpoint
About Pindrop
Pindrop is an Atlanta, Georgia-headquartered voice security company founded in 2011. It analyzes audio signals during calls to detect fraud, deepfakes, and synthetic voices using AI-driven biometrics and risk scoring. Pindrop protects contact centers for financial institutions like Chase and Capital One, processing billions of calls annually with 99% accuracy in threat detection and liveness verification.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$977M (Dec 2022)
Pindrop Valuation
Pindrop is currently valued at $977M, based on its seed round in December 2022.
Pindrop's valuation has moved from $977M at its Series D in December 2018 to $977M in December 2022, across 2 priced rounds.
Pindrop valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2022 | Seed | $977M |
| Dec 2018 | Series D | $977M |
Pindrop Funding History
Pindrop has raised a total of $217M across 5 funding rounds.
Pindrop's first fundraising round was a $11M Series A in June 2013. The most recent completed round was a $5M seed round in December 2022.
Pindrop funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2022 | Seed | - | $5M | $977M | Pindrop is a voice security company providing authentication tools originally for call centers and expanding to voice-enabled devices. In December 2018, it raised $90 million in a Series D round led by Vitruvian Partners, with participation from Allegion Ventures, Cross Creek, Dimension Data, EDBI, Goldman Sachs, and existing investors including CapitalG, IVP, Andreessen Horowitz, GV, and Citi Ventures. The round valued the company at a post-money valuation of $977.29 million, with a price per share of $14.48 and 345,415 shares outstanding. Related Series D-1 and D-2 rounds raised $5 million and $11.5 million at the same valuation. Pindrop reported 137% CAGR in revenue over the three years prior to the round and served 8 of the 10 largest U.S. banks and 5 of the 7 largest insurance companies, protecting over 200 million consumer accounts and stopping over $350 million in voice-based fraud in 2018. |
| Dec 2018 | Series D | Vitruvian Partners (lead); IVP; GV; Goldman Sachs; Andreessen Horowitz; Cerity Partners Ventures; CapitalG; Allegion Ventures; EDBI; Citi Ventures; Dimension Data; Cross Creek | $90M | $977M | Pindrop, an Atlanta-based leader in voice security and authentication primarily for call centers, raised $90 million in a Series D funding round on December 5, 2018, led by Vitruvian Partners. New strategic investors included Allegion Ventures, Cross Creek, Dimension Data, EDBI, and Goldman Sachs, with participation from existing backers CapitalG, IVP, Andreessen Horowitz, GV, and Citi Ventures. The round brought Pindrop's total funding to approximately $213 million since its 2011 inception. The funding aimed to fuel global expansion, particularly into Europe and Asia, with stronger presences in the UK via Vitruvian Partners and Singapore via EDBI, alongside Japan through Dimension Data. Pindrop planned to extend its machine learning-based voice fraud prevention beyond call centers to consumer IoT devices and voice-enabled technologies like smart speakers and smart locks, including integration with Allegion. The company highlighted its engineering expertise, patent portfolio, and role in securing voice as it evolves across channels. Pindrop positioned itself as the industry leader in anti-fraud and authentication, claiming to have stopped over $350 million in voice-based fraud in 2018 alone. Customers included eight of the top 10 U.S. banks and major enterprises. |
| Aug 2016 | Series C | CapitalG (lead); IVP; GV; Felicis; Geodesic Capital; Andreessen Horowitz; Citi Ventures | $81M | - | - |
| Feb 2015 | Series B | IVP (lead); Redpoint; Felicis; Andreessen Horowitz; Citi Ventures; Webb Investment Network | $30M | - | Pindrop Security raised $35 million in a Series B funding round on February 19, 2015, led by IVP with participation from Andreessen Horowitz, Citi Ventures, Felicis Ventures, Redpoint Ventures, and Webb Investment Network. The funding reinforced Pindrop's leadership in voice anti-fraud and authentication for phone-based transactions, targeting financial institutions, retailers, and enterprises facing identity theft and social engineering attacks. Pindrop's patented Phoneprinting technology, combined with voice biometrics, detects fraudulent calls, verifies geographic origin and phone type, and reduces fraud losses and authentication costs. IVP's Somesh Dash joined the board, highlighting Pindrop's revolutionary approach to phone security, which had already protected hundreds of millions of bank and retail customers. Pindrop, founded in Atlanta and based on Georgia Tech research, provides acoustical fingerprinting to combat phone-based fraud, a channel previously underserved despite billions in global phone access. The company had earned accolades including SC Magazine's 2013 Rookie Security Company of the Year, Gartner Cool Vendor in 2012, and RSA Innovation award. The funding aimed to expand operations globally while maintaining service excellence for call center security. |
| Jun 2013 | Series A | Andreessen Horowitz (lead); Redpoint; Felicis; Citi Ventures; Webb Investment Network | $11M | - | Pindrop Security raised $11 million in a Series A funding round on June 19, 2013, led by Andreessen Horowitz with participation from Citi Ventures, Redpoint Ventures, Felicis Ventures, and Webb Investment Network. The Atlanta-based startup develops technology to prevent caller ID fraud. The company planned to use the funds to expand engineering, operations, sales, and marketing in the U.S., Canada, and Europe. |
Who has invested in Pindrop?
16 investors have backed Pindrop across its funding rounds, including Andreessen Horowitz, Citi Ventures, Felicis, IVP, GV and Redpoint.
Lead investors include Vitruvian Partners, CapitalG, IVP and Andreessen Horowitz.
Pindrop Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Jun 2013 | ||
| 4 | Participant | Jun 2013 | ||
| 3 | Lead | Feb 2015 | ||
| 3 | Participant | Jun 2013 | ||
| 2 | Participant | Jun 2013 | ||
| 2 | Participant | Aug 2016 | ||
| 2 | Lead | Aug 2016 | ||
| 2 | Participant | Jun 2013 | ||
| 1 | Participant | Aug 2016 | ||
| 1 | Participant | Dec 2018 | ||
| 1 | Participant | Dec 2018 | ||
| 1 | Participant | Dec 2018 | ||
| 1 | Participant | Dec 2018 | ||
This data is available for Pro users. Sign up to see all 16 Pindrop investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Pindrop
Pindrop has acquired 1 company to date.
Last acquisition by Pindrop was on March 18th 2021. Pindrop acquired Next Caller for undisclosed valuation.
Latest Acquisitions by Pindrop
| Description | Next Caller delivers real-time call verification technology from its New York City headquarters, with additional offices in San Francisco and Boston. Founded in 2012, the platform offers caller identification and phone fraud detection for businesses and consumers. Advanced Caller ID provides details like telephone numbers, names, addresses, emails, and social profiles alongside threat-level analysis. The Fraud API detects spoofed and masked calls, while VeriCall processes carrier metadata through a RESTful API compatible with CTI systems. Services also include database cleaning and lead validation. |
| HQ Country | |
| HQ City | New York City, NY |
| Deal Date | 18 Mar 2021 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Pindrop acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by Pindrop
Pindrop has invested in 1 company to date.
Latest investment by Pindrop was on February 23rd 2017. Pindrop invested in Storj in their $3M Seed round.
Latest Investments by Pindrop
| Description | Storj is a Seattle-headquartered decentralized cloud storage provider founded in 2018. Developers store object data across a global network of nodes using end-to-end encryption and erasure coding for redundancy. The S3-compatible platform supports applications with tools like SDKs in Go, JavaScript, and Python, alongside partnerships with Wasabi and Backblaze for hybrid deployments. |
| HQ Country | |
| HQ City | Atlanta, GA |
| Deal Date | 23 Feb 2017 |
| Round | Seed |
| Raised | $3M |
| Investors | Qualcomm Ventures; GV; Lobster Capital; Ionic Security; Tank Stream Ventures; BnkToTheFuture; GVA Capital; Techstars; Cockroach Labs |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Pindrop investments and their VC round multiples. Start Free Trial | |
Pindrop Competitors
Pindrop competitors include listed companies like Tenable and Rackspace, and private ones like Exaforce, Onyx Security, Augment Code and Augury.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $725M | - | ||
| Private | - | - | $640M | - | ||
| Publicly listed | $999M | $31M | $4B | 3.9x | ||
| Private | - | - | $977M | - | ||
| Publicly listed | $2.7B | $244M | $997M | 1.6x | ||
| Private | $100M | - | $1B | - |
Pindrop Public Comps
Pindrop is still privately-owned, but its public comps include Rackspace, NSFOCUS, Appier Group, Rezolve AI, Extreme Vision, iFLYHealth, BeiJing Certificate, Beijing CTJ Info Tech, ODDITY Tech and Optasia.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $379M | $37M | 2.6x | 2.4x | 26.1x | 25.6x | |||
| $281M | $44M | 3.4x | 2.9x | 21.6x | 15.7x | |||
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
| $44M | ($6M) | 22.8x | 11.6x | (163.7x) | - | |||
| $136M | ($7M) | 7.7x | 6.2x | (150.8x) | (144172.5x) | |||
| $125M | ($12M) | 6.7x | - | (70.9x) | - | |||
| $123M | $13M | 5.3x | 4.9x | 51.3x | 34.6x | |||
This data is available for Pro users. Sign up to see all Pindrop competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Pindrop
| When was Pindrop founded? | Pindrop was founded in 2011. |
| Where is Pindrop headquartered? | Pindrop is headquartered in Atlanta, GA, United States. |
| Is Pindrop publicly listed? | No, Pindrop is a private, VC-backed company. |
| What is Pindrop's valuation? | Pindrop was last valued at $977M in its seed round in December 2022. |
| How much funding has Pindrop raised? | Pindrop has raised $217M across 5 funding rounds. |
| What was Pindrop's last funding round? | Pindrop's last funding round was a $5M seed round in December 2022. |
| Who are Pindrop's investors? | Pindrop's investors include Andreessen Horowitz, Citi Ventures, IVP, Felicis, Redpoint, GV, CapitalG, Webb Investment Network, Geodesic Capital, Goldman Sachs and 6 others. |
| Which companies are comparable to Pindrop? | Companies comparable to Pindrop include Exaforce, Onyx Security, Tenable, Augment Code, Rackspace and Augury. |
| How many companies has Pindrop acquired? | Pindrop has acquired 1 company, including Next Caller. |
| How many companies has Pindrop invested in? | Pindrop has invested in 1 company, including Storj. |
| What was Pindrop's last investment? | In February 2017, Pindrop invested in Storj's $3M seed round alongside Qualcomm Ventures, GV, Lobster Capital and 6 other investors. |
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