StageSeed VC | Alive
Last Raised$390K | 10 mos ago
About Minds Digital
Minds Digital specializes in fraud prevention software for financial segments. It uses artificial intelligence to help people analyze, understand, and predict suspicious behaviors from users by warning them in a proactive way, reducing the time and cost of processes, and increasing transaction security. Minds Digital was founded in 2017 and is based in Sao Paulo, Brazil.
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Minds Digital's Products & Differentiators
Voice biometric identity fraud prevention omnichannel solution.
Expert Collections containing Minds Digital
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Latest Minds Digital News
Jun 9, 2022
Jun 9, 2022, 4:41 pm EDT Brazilian voice biometrics developer Minds Digital has closed a BRL 1.5 million (roughly US$305,000) Seed funding round by BR Angels. Talking to Startups , the company said it intends to use the funds to grow its product, commercial and marketing areas, as well as using BR Angels’ network of contacts to open doors with corporate clients in areas such as finance, telecom and retail. More broadly, Minds Digital said its ultimate goal is to get large companies to use the firm’s voice biometrics-powered identification and authentication solution in their service channels, including call centers, apps and messaging apps. “This year our goal is to introduce our technology to eight to ten large enterprise customers and arrive in December with 1 billion requests on the platform – currently we have 300 million,” Minds CEO Marcelo Peixoto told Startups. Alongside the investment, Minds has also announced the availability of three different products: Minds for WhatsApp, Minds for App and Minds for Call Center. “Call centers are a big focus for us. In the pandemic there was an explosion in the use of these channels, as well as a boom in data leaks and fraud cases,” Peixoto says. “As a result, a more effective way to stop these failures was sought, and voice authentication is an alternative.” Minds’ new biometric products are currently in the process of being finalized, following trials with Banco BMG. When asked his thoughts on the voice biometrics market in the EU, Peixoto said the technology is already used in some sectors such as finance, but it still has great potential, especially in neighboring countries. “We hope, in the near future, to scale our product throughout the national market and prepare an expansion in Latin America and the USA.” Minds is not the only company in the voice recognition space working on biometric identification for call centers. Nuance, Pindrop, and Veridas are all pushing the boundaries of these applications further, at a time of substantial growth for the global voice biometrics market.
Minds Digital Frequently Asked Questions (FAQ)
When was Minds Digital founded?
Minds Digital was founded in 2017.
Where is Minds Digital's headquarters?
Minds Digital's headquarters is located at Avenida Paulista, nº 2421 – Andar 1, Sao Paulo.
What is Minds Digital's latest funding round?
Minds Digital's latest funding round is Seed VC.
How much did Minds Digital raise?
Minds Digital raised a total of $690K.
Who are the investors of Minds Digital?
Investors of Minds Digital include Cedro Capital and BR Angels.
Who are Minds Digital's competitors?
Competitors of Minds Digital include Nuance Communications.
What products does Minds Digital offer?
Minds Digital's products include Voice Biometric.
Who are Minds Digital's customers?
Customers of Minds Digital include BMG Bank.
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