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Prevent Online Fraud BEFORE it Happens - TechStars '13

Prevent Online Fraud BEFORE it Happens - TechStars '13

BeehiveID has developed a new way to ensure an online account is backed by one, unique person. Online fraud is high and growing higher – with the advent of EMV credit cards, fraud is moving online where card not present (CNP) transactions are the norm. We don't have a good way to identify people online and anonymous people behave badly. BeehiveID uses a combination of biometric face matching with other technologies to give online retailers a way to uniquely identify their customers thus ensuring accountability and true reputation. We do this without needing to know their real-world identity, thus privacy is preserved. We call our approach “strong pseudo-anonymity” – we prove that people are real & unique, have an actual online reputation, but are still anonymous and private. Our toolbox is a combination of face and voice biometrics, social network analysis, image processing and asymmetric encryption. Our ultimate goal is to make Internet society function as well as real-world society.

Mary Haskett

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Started two companies, built teams and grew them to profitability, sold one. Beekeeper. BS Applied Math UT Dallas, MS Texas A&M. Two time Techstars Alumni. INTJ

Alex Kilpatrick

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Co-Founder & CTO at BeehiveID. PhD Computer Scientist, working in biometrics & machine learning
Total raised

$70K

Funded over

2 rounds

Latest round

May 2013

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