• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechCybersecurity

Google Capital Leads $75 Million Investment in Phone Fraud Startup

Robert Hackett
By
Robert Hackett
Robert Hackett
Down Arrow Button Icon
Robert Hackett
By
Robert Hackett
Robert Hackett
Down Arrow Button Icon
January 28, 2016, 8:00 AM ET
Google Opens New Berlin Office
BERLIN, GERMANY - SEPTEMBER 26: A DJ plays music on September 26, 2012 at the official opening party of the Google offices in Berlin, Germany. Although the American company holds 95% of the German search engine market share and already has offices in Hamburg and Munich, its new offices on the prestigious Unter den Linden avenue are its first in the German capital. The Internet giant has been met with opposition in the country recently by the former president's wife, who has sued it based on search results for her name that she considers derogative. The European Commission has planned new data privacy regulations in a country where many residents opted in to have their homes pixeled out when the company introduced its Street View technology. (Photo by Adam Berry/Getty Images)Photograph by Adam Berry—Getty Images

Vijay Balasubramaniyan, CEO and co-founder of Pindrop Security, a startup that blocks phone fraud, tells Fortune there are three ways to rob an organization.

The first involves physically walking into a place with guns and threats. The second requires code-cracking and computer hacking skills. And the third, Balasubramaniyan says, entails duping some poor sap into giving up the goods.

It’s that third method that his Atlanta-based company aims to thwart.

Get Data Sheet, Fortune’s technology newsletter.

Balasubramaniyan founded Pindrop in 2011, as a voice security company that combats fraud by analyzing and assigning risk to phone calls. These are the kinds of questions it strives to answer: From where does this call originate? Is it a trusted number? Does the caller’s acoustic “fingerprint” check out? What kind of device or application is the caller using? Should the person’s attempt be blocked?

If, say, a U.S. consumer is connecting from Nigeria via Skype, using a suspicious phone number and speaking in an uncharacteristically adenoidal falsetto, Pindrop should raise a flag.

The company’s technology has most recently caught the attention of Google Capital (GOOG), which on Thursday announced that it has led a $75 million Series C round of funding. Returning investors include Andreessen Horowitz and Institutional Venture Partners. The latest injection brings the company’s total funding to $122 million.

Gene Frantz, a partner with Google Capital, says that his parent company is exceptionally interested in securing audio-enabled technologies. “Voice is, of course, a very significant area for Google,” he says, mentioning components of the company’s product lines, which includes Google Now and Google Glass.

Indeed, Google isn’t the only tech giant betting on the importance of sound in human-computer interaction. The list of rival virtual assistants grows longer by the day: Microsoft Cortana (MSFT), Facebook M (FB) , Amazon Alexa (AMZN), and Apple Siri (AAPL), to name a few.

For more on the rise of voice-enabled tech, watch:

Balasubramaniyan says he believes that voice anti-fraud represents a $20 billion opportunity—a figure bolstered by the present-day costs of call center agents. But Pindrop isn’t alone in trying to earn a share of those billions. Rivals include Nuance (NUAN), a speech software firm based in Burlington, Mass.

“From our perspective voice fraud is both a large and very expensive problem, largely unsolved by enterprises,” Frantz says. The investment marks Google Capital’s fourth cybersecurity investment. Earlier ones included in CrowdStrike, Zscaler, and CloudFlare.

Balasubramaniyan says he now plans to draw on Google’s engineering expertise, global businesses relationships, and financing to help his firm expand geographically. Notably, he’s eyeing the United Kingdom, where phone fraud rates exceed those in the U.S. by about fourfold, according to his company’s research.

Read more: “FBI rewrote PSA on credit card fraud after banks complained. Why?“

“This is because UK introduced EMV chips a long time ago,” a spokesperson wrote in an email to Fortune, referencing a payment card security measure—implemented only recently in the U.S.—that makes stealing data and creating counterfeit cards more difficult, and therefore phone fraud more attractive, for criminals.

“The weakest link is often the human,” Balasubramaniyan says. “And social engineering”—meaning plain old deceit and trickery—”is still one of the best ways for a fraudster to get through defenses.”

About the Author
Robert Hackett
By Robert Hackett
Instagram iconLinkedIn iconTwitter icon
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
Economy
An unusual Fed ‘rate check’ triggered a free fall in the U.S. dollar and investors are fleeing into gold
By Jim EdwardsJanuary 26, 2026
11 hours ago
placeholder alt text
North America
Gates Foundation plans to give away $9 billion in 2026 to prepare for the 2045 closure while slashing hundreds of jobs
By Sydney LakeJanuary 23, 2026
3 days ago
placeholder alt text
Politics
Trump was surging after the Venezuela raid—then came Jerome Powell, Greenland, and Minnesota. Now it feels like a ‘historic hinge moment’
By Jason MaJanuary 25, 2026
22 hours ago
placeholder alt text
Personal Finance
Sweden abolished its wealth tax 20 years ago. Then it became a 'paradise for the super-rich'
By Miranda Sheild Johansson and The ConversationJanuary 22, 2026
4 days ago
placeholder alt text
Politics
Minnesota-based CEOs, including Fortune 500 bosses, call for ‘immediate de-escalation of tensions’ after fatal shooting
By Jason MaJanuary 25, 2026
1 day ago
placeholder alt text
Success
'The Bermuda Triangle of Talent': 27-year-old Oxford grad turned down McKinsey and Morgan Stanley to find out why Gen Z’s smartest keep selling out
By Eva RoytburgJanuary 25, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Tech

PoliticsBillionaires
Billionaire Tom Steyer says he’d vote for California wealth tax
By Eliyahu Kamisher and BloombergJanuary 26, 2026
1 hour ago
Palantir CEO Alex Karp during an interview at the 2026 World Economic Forum in Davos, Switzerland.
InnovationImmigration
Palantir/ICE connections draw fire as questions raised about tool tracking Medicaid data to find people to arrest
By Tristan BoveJanuary 26, 2026
2 hours ago
AIHiring
Job seekers are suing an AI hiring tool used by Microsoft and Paypal for allegedly compiling secretive reports that help employers screen candidates
By Patrick Kulp and Tech BrewJanuary 26, 2026
3 hours ago
NewslettersTerm Sheet
Why two Gen Z college dropouts are combatting financial nihilism with a credit card startup
By Leo SchwartzJanuary 26, 2026
10 hours ago
NewslettersFortune Tech
Meta abruptly halts teen access to its AI characters
By Alexei OreskovicJanuary 26, 2026
11 hours ago
AIRecruiting
Silicon Valley talent keeps getting recycled, so this CEO uses a ‘moneyball’ approach for uncovering hidden AI geniuses in the new era
By Sydney LakeJanuary 25, 2026
1 day ago