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BUGUROO: DEEP LEARNING FOR CYBERSECURITY


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Integral service around a transaction
BY : Diego GutiérrezDecember Fri, 2019

Spanish cybersecurity company Buguroo has sold part of its shares for $.11M a nuevos inversores como Ten Eleven Ventures y Seaya Ventures.

With this sale, it will consolidate its success in Europe and Latin America, as well as putting its focus on its global expansion.

Today, with the proliferation of online banking fraud, identifying and stopping fraudulent activity without harming the user experience is crucial.

A good illustration of this is provided by the movements in the sector's corporate finance.

MEET BUGUROO

Buguroo es un compañía española fundada en 2015 y con sede en Madrid.

It offers state-of-the-art technology in online fraud detection and prevention, based on deep learning.

It combines behavioural biometrics, detection of malware and device analysis, and is the only one that protects bank users from the beginning to the end of the session from any kind of online fraud..

This includes the account creation phase, where cybercriminals create new accounts using fake identities.

This technology collects thousands of parameters related to behavioural biometrics and the customer's environment.

It is thus able to create a unique "digital profile" for each user that prevents cybercriminals from impersonating users, or manipulating them during their banking session.

By "customer behaviour" we mean, for example, phone and mouse movements, keystrokes, profiling of common devices or geolocation records.

EUROPE AND LATIN AMERICA

Initially, the company tried to focus on the US market, the 'mecca' of cybersecurity, but eventually focused its efforts on Europe and Latin America.

There, buguroo currently protects more than 50 million bank customers, but expects to increase its customer base in new geographies.

OLD AND NEW INVESTORS

To this end, last November, sold parte de sus participaciones sociales en una ronda Serie A, por valor de $11M.

Lo hizo a nuevos inversores como Seaya Ventures y Ten Eleven Ventures, although Inveready and Conexo Ventures, already present in the company, also participated.

The first is the fund led by Beatriz González, daughter of former BBVA chairman Francisco González, who is the second largest shareholder in Cabify and one of the most prominent shareholders in other Spanish companies such as Glovo and Spotahome.

The second is an American fund specialising in cybersecurity start-ups.

With the proceeds of this sale, Buguroo aims to drive innovation in the development of online fraud detection and prevention products.

FRAUDSTER HUNTER

Con esta venta, además, la compañía impulsará el desarrollo de nuevas capacidades, entre los que destaca “Fraudster Hunter".

It is a pioneering and unique functionality in the industry, which identifies and tracks the behavioural patterns of cyber fraudsters and their collaborators.

OTHER CYBERSECURITY OPERATIONS

This round is in addition to other significant transactions that have taken place in the last two years in Spanish companies in the cybersecurity sector.

The most notable is the sale of Alienvaultborn in Madrid y con sede en Estados Unidos, que fue vendida por unos 600M€ a AT&T.

This is in addition to the following:

  • 2M€ en Countercraft
  • 6M€ en Blueliv
  • $25M en Devo (antigua Logtrust)

Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?

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