Andreessen-Backed Startup Pindrop Agrees to Buy Next Caller

Voice security startup Pindrop Security Inc. has agreed to buy Next Caller Inc., making its first acquisition to build out personalization and verification services as the coronavirus pandemic spurs a surge in call volumes.

Pindrop Chief Executive Officer Vijay Balasubramaniyan said the deal was for a mix of cash and equity with additional payments for hitting certain financial milestones, but he declined to specify the deal terms. The purchase will boost revenues by 10% and speed up the timeline for a possible initial public offering to about 18 months, he said in an interview.

Pindrop’s technology is focused on ...