Clearspeed, a San Diego, CA-based leading provider of voice analytics technology to assess security and fraud risk, announced a $27 million Series C financing, bringing the company’s total funds raised to $50 million.
The funding round was led by investors Ian McKinnon, founder of Sandia Holdings, LLC (“Sandia”), and Thomas O’Malley Jr., founder of PilotRock Investments, LLC (“PRI”), and supported by King Philanthropies (“King”), the philanthropic endeavor of Robert and Dorothy King.
The Series C funding will support rapid commercial expansion and delivery of a world-class customer experience and continue to drive an innovative technology roadmap to serve the security and financial services markets.
“We are absolutely delighted with the support from our investors who see the impact Clearspeed’s customers are realizing through faster, easier, and radically more accurate risk assessment,” said Alex Martin, Co-Founder and CEO of Clearspeed. “With this funding, we will meet the rising demand for our innovative technology and expand our product suite. Bringing Clearspeed’s voice analytics to more businesses empowers them to make faster decisions with confidence and deliver an incredible customer experience while streamlining costs and reducing fraud.”
Thomas O’Malley Jr. of PilotRock and Ian McKinnon of Sandia have been appointed to Clearspeed’s Board of Directors, effective upon the closing of the investment. Jeff Williams, Operating Partner at Bain Capital Ventures, will join as an investor and board advisor.
Company: AC Global Risk, Inc.
Round: Series C
Funding Month: October 2022
Lead Investors: Ian McKinnon and Thomas O’Malley Jr.
Additional Investors: King Philanthropies
Company Website: https://www.clearspeed.com/
Software Category: AI-Voice Analytics for Fraud Identification
About the Company: Founded in 2016, Clearspeed is a provider of voice analytics technology to assess risk that quickly yields exceptionally high levels of assessment precision and accuracy and pioneered a new method of delivering risk identification and straight-through processing at scale. Clearspeed voice analytics technology provides unique risk alerts based on an individual’s vocal responses. It can be quickly and effectively applied for fraud, security, or safety risk screening to clear the low-risk majority while identifying potential high-risk responses that are often missed. Leading global corporations and government organizations use Clearspeed to build trust in their people and vetting processes in hiring, claims, applications, insider threats, compliance, and workplace safety.