Developer of a machine-learning based fraud detection software designed to help businesses to detect and fight fraud. The company's software uses large-scale cloud-based machine learning that observes fraud patterns, including specific page navigation sequences, IP (internet protocol) ranges, email address patterns, graph connectivity structures and browser configurations, enabling businesses to generate more revenue, increase conversion rates, and reduce fraud and abuse.
Generating Revenue
Privately Held (backing)
Venture Capital-Backed
The company raised $53 million of Series D venture funding in a deal led by Stripes Group on July 10, 2018, putting the company's pre-money valuation at $275 million. Remitly, Union Square Ventures, Insight Venture Partners, and Spark Capital also participated in this round. The funds will be used to grow the company's fraud detection and prevention product globally.
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