BioCatch
Israeli behavioural-biometrics fraud-detection company co-founded by a former Unit 8200 head of innovation; majority-owned by Permira since 2024
| BioCatch
| |
|---|---|
| Type | Private |
| Founded | 2011 |
| Founder(s) | Avi Turgeman, Benny Rosenbaum, Uri Rivner |
| Headquarters | Tel Aviv, Israel; New York, United States |
| Industry | Behavioural biometrics, fraud detection |
| Parent | Permira (majority, from 2024) |
BioCatch is an Israeli company that sells behavioural-biometric authentication and fraud-detection software. It was founded in Tel Aviv in 2011 by Avi Turgeman, Benny Rosenbaum and Uri Rivner.[1] Since 2024 it has been majority-owned by the private equity firm Permira.[2]
Founders and Unit 8200
SecurityWeek reported that Avi Turgeman "is an alumnus of the IDF Unit 8200 intelligence service, having spent six years as head of innovation in the unit" (Unit 8200). In that role, it said, "he studied how criminals — or for him at that time, terrorists — moved around the internet", and these skills "inspired the founding of BioCatch".[1]
Ownership
Ctech reported in May 2024 that a Permira fund would pay around $750 million for 60% of BioCatch, valuing it at $1.3 billion, mainly buying shares from Bain Capital and Maverick Ventures, which had invested in 2020.[3] Permira announced completion on 9 September 2024. It said that Ran Maidan, its senior adviser and head in Israel, would chair BioCatch's board; the chief executive is Gadi Mazor.[2]
See also
Notes
- ↑ 1.0 1.1 Behavioral Biometrics Firm BioCatch Raises $30 Million SecurityWeek, 12 March 2018, accessed 21 October 2026.
- ↑ 2.0 2.1 Permira, Permira Completes Acquisition of Majority Position in BioCatch at $1.3 Billion Valuation Permira, 9 September 2024, accessed 21 October 2026.
- ↑ Sophie Shulman, Permira acquiring control of BioCatch at $1.3 billion valuation Ctech, 2 May 2024, accessed 21 October 2026.