Provider of a cloud-based fraud prevention platform intended to protect small and medium enterprises from fraud. The company's platform combines artificial intelligence and big data analytics, to auto-categorize, transform and consume data for real-time fraud analysis, enabling businesses to orchestrate complex decisions to reduce friction, improve trust and solve complex fraud problems.
Generating Revenue
Privately Held (backing)
Venture Capital-Backed
The company reached a definitive agreement to be acquired by Paypal (NAS: PYPL) for $120 million on June 22, 2018. The acquisition will enhance PayPal's ability to deliver fraud prevention and risk management solutions to merchants globally. The transaction is expected to close in the third quarter of 2018. Previously, the company raised $17.75 million of Series A venture funding in a deal led by Accel on December 21, 2017.
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