Clearspeed secures $60m in funding round

Clearspeed has secured £44m ($60m) in a series D funding round.

The round, which was led by Align Private Capital, brings the voice-based risk assessment technology company’s total funding to £80m ($110m).

Other participants in the round of funding include IronGate Capital Advisors, Bravo Victor Venture Capital and KBW Ventures. General David H. Petraeus, former CIA director and commander of US central command, also joined as a multiround investor.

In addition to the raise, Clearspeed will add Anna Nekoranec, co-founder and chief executive at Align Private Capital, to its board of directors.

Nekoranec said: “Clearspeed has demonstrated true dual-use potential, with scalable commercial results and meaningful impact in high-stakes environments. It’s rare to see a solution that can reduce fraud, mitigate security threats and save significant costs without creating friction for the end user.

“This is the innovation needed to build smarter, more human-centred systems of trust.”

’Bold new chapter’

Clearspeed says it yields more than 30x return on investment by assessing risk early in the claims and underwriting process – driving faster, more accurate decisions that improve customer outcomes, including cutting claims handling time in half and increasing immediate payments to customers by 40%.

Alex Martin, co-founder and chief executive at Clearspeed, said: “This investment propels Clearspeed into a bold new chapter.

“We’re doubling down on the markets where trust and speed matter most – government, defence, insurance, banking – and expanding globally to meet the growing demand for secure, high-integrity screening.

“We’re investing in our teams, accelerating innovation and ensuring our technology stays ahead not just to grow, but to help organisations worldwide realize the strategic advantage of rapidly establishing trust.”