IronVest
IronVest, an Israeli security startup offering biometric, account-access security that protects personal accounts and personal data from fraud, emerged from stealth mode with a $23 million seed funding round led by Accomplice.
Founded in 2022 by Avi Turgeman, IronVest declares that it is on a mission to empower consumers and employees to seamlessly protect their online accounts and identity as they navigate and transact in the digital world. The IronVest security and privacy platform and digital wallet, boasts the company, combine decentralized, face-biometric fraud prevention technology and a seamless user experience to protect account access and post-access activity in the most sensitive accounts: banks, email, file sharing, business applications and health records. The all-in-one security and privacy-first digital wallet protects individuals’ privacy and personally identifiable information with automatically generated masked emails, phone numbers and credit cards. IronVest is headquartered in New York and boasts a research and development center in Herziliya, Israel.
“Building a security and privacy-first infrastructure that leverages decentralized biometric authentication and anonymized PII to combat rising cyberattacks and digital threats while actually reducing friction and improving the user experience for users is at the core of our mission,” said Avi Turgeman, IronVest co-founder and CEO. “I’ve spent my entire professional life designing biometric fraud detection systems for the world’s largest financial institutions. At IronVest, we are moving beyond fraud detection and are focused on empowering individuals to get 360-degree protection from all types of fraud without relying on the online services they are using to do this for them.”
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IronVest co-founder and CEO Avi Turgeman was previously founder and chief technology officer of BioCatch, the market leader in behavioral biometric fraud detection. Turgeman joins fellow co-founders, Chief Technology Officer Kfir Yeshayahu, Chief Marketing Officer Guy Bauman and Vice President of Product Yaron Dror. Turgeman and Yeshayahu originally met and worked together in the Israeli military’s elite 8200 intelligence unit. Prior to launching IronVest, Turgeman, Bauman and Dror were founding team members at the mobile-commerce startup platform Tapingo, which Grubhub acquired in 2018.
