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Stock impact report

Illuma Labs Closes $9M Series-A to Accelerate Innovation and Battle Emerging Fraud Threats Targeting Banking Institutions

CS Disco, Inc. (LAW) 
Company Research Source: Business Wire
PLANO, Texas--(BUSINESS WIRE)--Illuma Labs, a leader in voice authentication technology for banking contact centers, has secured $9 million in Series A funding led by LiveOak Ventures, with participation from Forefront Venture Partners, Curql Fund, UsNet, Capital Factory, Connexus, and TDECU. This investment will accelerate the development of Illuma’s voice verification solutions, addressing threats like fraud, voice cloning, and deep fakes and expanding its reach to more credit unions and banks nationwide.Illuma founder and CEO, Milind Borkar, recognized the significance of the latest additions to the list of investors committed to the company’s growth. “While we are excited about the capital infusion to accelerate our development of fraud prevention and deep fake detection tools, we are equally excited about bringing in new partners to fuel Illuma’s continued commercial growth. LiveOak Ventures and Forefront Venture Partners bring invaluable operating expertise and industry conn Show less Read more
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