Spec

Cybersecurity platform for compliance and fraud

San Jose, California, United States

About Spec

SpecTrust provides a platform that helps businesses integrate compliance measures and deploy fraud solutions without requiring any coding. This platform is especially useful for companies in industries with strict regulations and high fraud risks, such as finance and e-commerce. It works by using automated workflows to quickly respond to emerging threats, turning data into actionable insights in milliseconds. Unlike many competitors, SpecTrust offers a subscription-based model that allows clients to connect to unlimited data sources and tools, enhancing their online security. The goal of SpecTrust is to create a safer internet by ensuring that every online interaction is built on trust, equipping businesses with the necessary tools to protect their operations.

San Jose, CaliforniaHeadquarters
2020Year Founded
$28.4MTotal Funding
SERIES_ACompany Stage
Cybersecurity, Financial ServicesIndustries
51-200Employees

Risks

Emerging competitors with similar no-code solutions may dilute Spec's market share.
AI-powered attack tools require continuous innovation to maintain detection effectiveness.
Over-reliance on third-party data providers could pose risks if partnerships face disruptions.

Differentiation

Spec offers a no-code platform for rapid deployment of cybersecurity solutions.
Partnerships with Identiq and AtData enhance Spec's fraud prevention capabilities.
Spec's platform integrates compliance measures, meeting SOC 2 Type II and PCI DSS Level 1.

Upsides

Growing demand for no-code platforms boosts Spec's market potential.
Identity validation partnerships improve fraud detection accuracy and customer trust.
Subscription-based model provides predictable revenue and fosters long-term client relationships.

Funding

Total raised$28.40 M
Latest valuation$75.00 M
StageSERIES_A
$15
$75.00 M
EARLY VC
12/31/2022
$5
$27.00 M