When was Spec founded?

Spec was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is Spec located?

Spec is headquartered in San Jose, United States.

Who is the current CEO of Spec?

Nate Kharrl of Spec. They have also founded 1 company.

How many employees does Spec have?

As of Sep 30, 2026, the latest employee count at Spec is 188.

Is Spec a funded company?

Spec is a funded company, having raised a total of $29.3M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 07, 2021.

When was the latest funding round of Spec?

Spec's latest funding was a $***** Series A round on Oct 18, 2023, with participation from 3 investors. Its primary sector is Security & Surveillance Technology. In United States, the Security & Surveillance Technology sector has seen $4.58B in funding in 2026 to date.

Where does Spec rank among its competitors?

Spec ranks 230th amongst 3207 active competitors, of which 533 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Evrotrust, which secured $7.61M in Nov, 2025.

Who are the top competitors of Spec?

Spec's top competitors include Scandit, ComplyAdvantage and Yoti. Among them, Evrotrust secured the most recent funding round in November, 2025.

Spec - 2026 Company Profile, Team, Funding & Competitors

Spec is a series A company based in San Jose (United States), founded in 2020 by Nate Kharrl. It operates as a Platform offering financial fraud solutions. Spec has raised $29.3M in funding from SignalFire and Cyber Mentor Fund. The company has 3207 active competitors, including 533 funded and 342 that have exited. Its top competitors include companies like Scandit, ComplyAdvantage and Yoti.

Company Details

Platform offering financial fraud solutions. It automatically collects and unifies users' trust, fraud, and payment data into a single source of truth. Without writing a single line of code, teams instantly respond to insights, automate workflows, and integrate solutions that effortlessly ensure the delivery of powerful online experiences that are frictionless and secure.

Website: www.specprotected.com/
Social
Email ID: *****@spec-trust.com

Key Metrics

Founded Year

2020

Location

San Jose, United States

Stage

Series A

Total Funding

$29.3M in 4 rounds

Latest Funding Round

Series A, Oct 18, 2023, $*****

Investors

SignalFire & 4 more

Ranked

230^th among 3207 active competitors

Employee Count

188 as on Sep 30, 2026

Similar Companies

Sift & 2566 more

View Spec's full profile

Spec is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
SpecTrust, Inc CIN: 84-5150629 , United States, Active	Dec 31, 2019	-	16 (As on Dec 31, 2021)	-

Spec has raised a total funding of $29.3M over 4 rounds. Its first funding round was on Apr 07, 2021. Its latest funding round was a Series A round on Oct 18, 2023 for $*****. 3 investors participated in its latest round. Spec has 5 institutional investors.

Here is the list of recent funding rounds of Spec:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 18, 2023	1646871	Series A	7411390	4200117	1804501	9751802
Jan 25, 2023	8136988	Series A	7371610	4360864	4138993	6006724
Aug 03, 2022	3145876	Series A	7657904	2428129	5146957	2545506

Access funding benchmarks and valuations. Sign up today!

View details of Spec's funding rounds and investors

The founders of Spec is Nate Kharrl. Nate Kharrl is the CEO of Spec.

Here are the details of Spec's key team members:

Nate Kharrl: Co-Founder & CEO of Spec and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address

Spec's Board of Directors

Spec's board has 8 active members. Tim Eades, Jonathan Lim, Nate Kharrl, Mike Jennings, Mike Viscuso, Bryce Verdier, Patrick Chen and Matt Kharrl are independent board members.

Here is the list of Spec's board of directors:

Name	Type	Representing	Status	Duration
Tim Eades	Independent board member	-	Current	5y 6m
bylnvqi	Independent board member	-	Current	6y 8m
vaei{fb	Independent board member	-	Current	2y 9m
m{kdpyz	Independent board member	-	Current	5y 2m
jjdhldc	Independent board member	-	Current	7y 1m
buavwna	Independent board member	-	Current	6y 9m
ezndiuq	Independent board member	-	Current	4y 5m
{edfxvz	Independent board member	-	Current	1y 5m

View details of Spec's Founder profiles and Board Members

Spec's employee count trend

Spec has 188 employees as of Sep 26. Here is Spec's employee count trend over the years:

Uncover Spec's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Spec include Scandit, ComplyAdvantage and Yoti. Here is the list of Top 10 competitors of Spec, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Scandit 2009, Zurich (Switzerland), Series D	Developer of smart data capture platform for various industry applications	$273M	Atomico, G2 Venture Partners & 15 others	78/100
2nd	ComplyAdvantage 2014, London (United Kingdom), Series C	Cloud-based AML solutions	$171M	Ontario Teachers' Pension Plan, Index Ventures ... & 46 others	76/100
3rd	Yoti 2014, London (United Kingdom), Series B	Provider of privacy-focused identity and age solutions	$210M	HSBC, Nex.D & 12 others	75/100
4th	Sift 1997, San Francisco (United States), Series D	Provider of an AI-powered platform for fraud detection and prevention	$162M	Insight Partners, Spark Capital & 22 others	75/100
5th	Kairos 2011, Miami (United States), Series A	Provider of AI-powered identity verification, document authentication, and biometric solutions	$19.6M	500 Global, Beyond Capital Markets & 21 others	74/100
6th	Entrust 1969, Dallas (United States), Acquired	Provider of identity-centric security solutions, including issuance and data protection	-	Thoma Bravo, Neuberger Berman Capital Solutions ... & 2 others	74/100
7th	Simplex 2014, Ramat Gan (Israel), Acquired	AI-based crypto payments and fraud prevention solutions for businesses	$19M	Cumberland Mining, FundersClub & 12 others	73/100
8th	Riskified 2013, New York City (United States), Public	AI-based payment fraud prevention solutions for e-commerce solution	$232M	Founder Collective, Genesis Partners & 22 others	73/100
9th	Evrotrust 2015, Sofia (Bulgaria), Series B	AI based identity verification and e-Signing solution provider	$13.8M	3TS Capital Partners, BDB & 6 others	72/100
10th	Drata 2020, San Diego (United States), Series C	Risk assessment and management solutions for enterprises	$328M	Notable Capital, Iconiq Capital & 23 others	71/100
230th	Spec 2020, San Jose (United States), Series A	Platform offering financial fraud solutions	$29.3M	Rally Ventures, SignalFire & 3 others	48/100