Clearspeed, a voice-based risk assessment company, has locked up a $60 million Series D led by Align Private Capital, co-founder and CEO Alex Martin tells Axios Pro.
Why it matters: Clearspeed extracts risk signals from voice communication, helping mitigate on fraud and security threats.
How it works: The company's platform uses AI to quickly analyze verbal yes/no responses to automated questionnaires.
- Clearspeed says it is used in 37 countries and supports more than 60 languages.
Context: Clearspeed was initially developed to help the U.S. Department of Defense to identify risks to government and military agencies, per Martin.
- It also sells commercially to insurers, financial institutions and other enterprises.
Zoom in: IronGate Capital Advisors, Bravo Victor Venture Capital and KBW Ventures participated in the round.
- Retired U.S. Army general and former director of the CIA David Petraeus also joined as a multi-round investor.
By the numbers: Founded in 2016, the San Diego-based company has raised $110 million to date.
- Clearspeed more than doubled ARR year-to-year and is are tracking to do the same in FY 2025.
What they're saying: "If you can trust people faster, you can pay them faster," Martin says.
The bottom line: People reveal a lot in how they answer questions, even simple yes/no ones.
Read the article from Axios Pro
