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Cyber Security Fraud Detection Identity Management Information Technology North America Security

Transmit Security Announces Citi Ventures and Goldman Sachs Asset Management as Additional Investors on Its Record-setting $543 Million Series A Funding Round

– Transmit Security announced that Citi Ventures and the Goldman Sachs have joined the company’s most recent $543m Series A funding round, setting a new record in investment history as the largest Series A investment in cybersecurity.
– The Series A round was led by Insight Partners and General Atlantic with additional investment from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures.
– Previously bootstrapped, Transmit Security’s Series A funding round brings the company’s pre-money valuation to $2.2bn.
– Transmit Security will use the funding to increase the company’s global reach, expand its operations, and accelerate the company’s mission to help the world go passwordless.

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Advertising Analytics Big Data Business Intelligence Enterprise Software Fraud Detection North America Security

Marketing compliance firm Pixalate raises $18.1M

– Pixalate, the advertising analytics firm based in Palo Alto and London, announced a new round of $18.1 million of growth capital, increasing the total investment to date to $22.7 million.
– It plans to expand its tracking work to help enterprise organizations deliver better legal compliance and data privacy in the age of extreme AI-generated attacks and bot-directed ad fraud.
– Enterprise organizations lose millions in ad revenue thanks to fraud and bad actors. Detecting those kinds of behaviors has grown harder as fraudsters deploy better tools like so-called “headless browsers” such as Puppeteer. These tools were originally created to help programmers test their work, but they make it simple to write bots that visit the same pages and click on ads.

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Cyber Security Fraud Detection Identity Management Information Technology Network Security North America

SentiLink Secures $70 Million to Reinvent Identity Verification

– SentiLink announced a $70m Series B funding round led by David Sacks of Craft Ventures with participation from Felicis Ventures, Andreessen Horowitz, and NYCA.
– This brings SentiLink’s total funding raised to $85m.
– David Sacks and Victoria Treyger from Felicis will be joining SentiLink’s board as observers.
– SentiLink works with over 100 financial institutions, and has verified several hundred million applications to date.
– SentiLink takes a different approach than other companies in the space. Instead of spewing buzzwords like “Artificial Intelligence,” SentiLink focuses on deeply understanding fraud and identity, and then using technology to productionalize these insights.

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Compliance Cyber Security Fraud Detection Information Technology InsurTech Risk Management SaaS Security Software Western Europe

FRISS Raises $65 Million Series B Funding Led by Accel-KKR

– FRISS closed a $65m Series B funding round led by Accel-KKR, advised by FT Partners and endorsed by existing investor, Aquiline.
– The funding will fuel the company’s rapid growth with additional product innovations, deep market penetration and lines of business expansions.
– FRISS serves insurers in over forty countries today, and is well on track to deliver over $2 billion in fraud savings to insurers in 2021 alone.
– Insurance fraud is a large and growing problem faced by insurance companies, with estimates of fraud in as much as 10-17% of total claims paid annually – a staggering $80bn annual loss in the US insurance market alone.

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Artificial Intelligence Big Data Business Intelligence Central-Eastern Europe Cyber Security FinTech Fraud Detection Risk Management

Nethone Raises $6.7M in Series A Funding

– Nethone, a Warsaw, Poland-based provider of a solution to solve the plague of online account takeovers, raised $6.7M in Series A funding.
– The round was led by Atmos Ventures and ARIA, with participation from Plug and Play Ventures and Firlej Kastory.
– The new investment will be aimed at accelerating the company’s go-to-market efforts and further strengthening its technology.

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Biometrics Cyber Security Fraud Detection Identity Management Latin America Security

VU raises $12M to remove cybersecurity friction from digital experiences

– Argentina-based fraud and identity protection company VU raised $12m in Series B funding.
– The round was led by Globant and joined by Agrega Partners, NXTP Ventures, Bridge One, the IDB Lab and Telefónica.
– The company has total venture-backed investments of $20m.
– VU’s technology takes a person’s “online persona” and uses geolocation, biometrics and user behavior analysis to provide identity verification for users and enable a continuous authentication process that sees and connects the users’ online and offline personas.

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Developer APIs FinTech Fraud Detection North America Software

Tiger Global leads $34M investment into Unit21, a no-code fraud prevention platform

– Unit21, a startup that helps businesses monitor fraudulent activities with its no-code software, announced it has raised $34 million in a Series B round of funding led by Tiger Global Management.
– The round values San Francisco-based Unit21 at $300 million and comes nine months after the startup raised a $13 million Series A that included investments from the founders of Plaid, Chime and Shape Security as well as former Venmo COO Michael Vaughan.
ICONIQ Capital and existing backers Gradient Ventures (Google’s AI venture fund), A.Capital and South Park Commons participated in the latest funding event.

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Cyber Security Fraud Detection Identity Management Information Technology North America Security

Transmit Security Secures $543M in Series A Funding

– Transmit Security, a Tel Aviv, Israel- and Boston, MA-based Identity Experience company, raised $543m in Series A funding.
– The round was led by Insight Partners and General Atlantic, with participation from Cyberstarts, Geodesic, SYN Ventures, Vintage, and Artisanal Ventures.
– The new investment will be used to increase the company’s reach and expand its primary business functions, investing in key global areas in order to grow the organization.

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Artificial Intelligence FinTech Fraud Detection InsurTech Machine Learning North Africa and the Middle East Security

Fraud protection startup nSure AI raises $6.8M in seed funding

– Startup nSure AI has raised $6.8m in seed funding.
– The round was led by DisruptiveAI, Phoenix Insurance, AXA-backed venture builder Kamet, Moneta Seeds and private investors.
– The company provides fraud detection for high-risk digital goods, such as electronic gift cards, airline tickets, software and games.
– It has a 98% approval rating on average for purchases, compared to an industry average of 80%.

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E-Commerce FinTech Fraud Detection North America SaaS

Forter Doubles Revenue in Last 12 Months; Raises $300M for a $3B Valuation

– Forter has raised $300m in Series F funding led by Tiger Global Management, with participation from Third Point Ventures and Adage Capital Management.
– Existing investors also participated including Bessemer Venture Partners, Sequoia Capital, March Capital, NewView Capital, Salesforce Ventures and Scale Venture Partners.
– The announcement comes six months after the company completed its $125m Series E round, almost tripling the valuation to $3bn.
– Forter will use the additional funding to continue expanding its global ecosystem of trust, enabling retailers, e-commerce platforms, issuing banks and payment providers to fight fraud together.
– Forter’s platform brings together merchants, banks and payment providers to dramatically improve authorization rates, eliminate false declines and allow consumers to shop with greater convenience and enjoy a more personalized, secure experience.

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Cyber Security Fraud Detection Network Security North America Security Spam Filtering

Arkose Labs Raises $70M in Series C Funding

– Arkose Labs, a San Francisco, CA-based provider of online fraud and abuse prevention technology platform, raised $70m in Series C funding.
– The round was led by SoftBank Vision Fund 2 with participation from Wells Fargo Strategic Capital and previous investors M12 and PayPal Ventures.
– The company intends to use the funds toward platform development, new hires and global expansion.

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Artificial Intelligence Compliance FinTech Fraud Detection Information Services Machine Learning Western Europe

ComplyAdvantage Raises Further $20M in Series C; Now Totals $70M

– ComplyAdvantage is a data technology company specialized in financial crime detection.
– The new round of funding was led by Goldman Sachs Asset Management.
– The funds will be used to consolidate the company’s growth.

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Analytics Artificial Intelligence Cyber Security Fraud Detection Operating Systems Western Europe

ReaQta Closes Undisclosed Series A Funding

– ReaQta is an Amsterdam, The Netherlands-based provider of cyber security solutions for the autonomous detection and response of cyber threats.
– The company closed a Series A funding round of undisclosed amonted.
– The round was led by Alpha Intelligence Capital with participation from Fortino Capital, InvestLink and Integra Partners.
– The new investment will be used to expand its commercial operations and presence, particularly across Europe and Asia.

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Cyber Security Enterprise Applications Enterprise Software Fraud Detection North America PaaS Risk Management Security

SpecTrust raises millions to fight cybercrime with its no-code platform

– Risk defense startup SpecTrust is emerging from stealth with a $4.3m seed raise and a public launch.
– The company aims to “fix the economics of fighting fraud” with a no-code platform that it says cuts 90% of a business’ risk infrastructure spend that responds to threats in “minutes instead of months.”
– Since the San Jose, California-based startup’s offering is deployed on the internet, between a website or app and its users, an organization gets fraud protection without draining the resources of its engineers, the company says.
– Fintech and crypto companies are feeling the biggest impacts, as legacy software designed for big banks, for example, can be slow and expensive, said Kharrl.

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Big Data Fraud Detection Machine Learning Network Security North America Predictive Analytics

Fraud prevention platform Sift raises $50M at over $1B valuation, eyes acquisitions

– Sift, a fraud prevention company, raised $50m in funding.
– The round was led by Insight Partners and joined by Union Square Ventures and Stripes.
– The company has over several hundred customers, including Twitter, Airbnb, Twilio, DoorDash, Wayfair and McDonald’s.
– It has over 70 billion events per month.

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Analytics Artificial Intelligence Fraud Detection Information Technology North America

Feedzai Eats $200M Series D Investment

– Feedzai, a cloud-based financial risk management platform, announced a $200m Series D investment round led by KKR, with participation from existing investors Sapphire Ventures and Citi Ventures.
– The company’s core offering is its artificial intelligence and machine learning platform, which processes customer and third-party data to identify, assess, and accelerate the remediation of potential threats.

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Artificial Intelligence Computer Cyber Security Financial Services FinTech Fraud Detection Information Technology Machine Learning North America Software

FiVerity Secures $2M Round to Accelerate Growth and Expand its Cyber Fraud Detection Platform for Banks, Credit Unions and Credit Card Providers

– FiVerity closed a $2m round of financing.
– The investment was fueled by Mendoza Ventures and a class of super-angels from the cybersecurity and financial services industries, including serial entrepreneur Doug Levin, who has been appointed as the company’s Executive Chairman.
– FiVerity will use the funds to expand its products and ramp up sales and marketing efforts.
– FiVerity’s machine-learning platform detects and prevents new and existing types of fraud more effectively than current alternatives at banks, credit unions, credit card providers and other financial institutions.

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Artificial Intelligence Computer Cyber Security Financial Services FinTech Fraud Detection Information Technology Machine Learning North America Software

FiVerity Raises $2M in Funding

– FiVerity Raises $2M in Funding
– The round was led by Mendoza Ventures and super angels from the cybersecurity and financial services industries, including serial entrepreneur Doug Levin, who has been appointed as the company’s Executive Chairman.
– The company will use the funds to expand its products and ramp up sales and marketing efforts.

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Asia FinTech Fraud Detection Identity Management Payments Privacy

Identiq Raises $47M Series A, Poised to Become the World’s Largest Identity Validation Network

– Identiq announced a $47m Series A round led by Insight Partners and Entrée Capital, with additional participation from Amdocs, Sony Innovation Fund by IGV, and existing investors, including Vertex Ventures Israel, Oryzn Capital and Slow Ventures.
– The company plans to use the investment to further accelerate its network growth, adding more members, each of which will improve the validation, quality and coverage for all members. This flywheel effect will drive further value for the network’s existing members, improving data coverage and accuracy.
– The company is building the world’s largest Identity Validation Network, enabling companies to jointly validate consumer identities, payment details and other sensitive information without sharing or exposing any private data.

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Cyber Security Fraud Detection Network Security North America Security

HYAS Closes $16 Million Series B Funding Round Led by S3 Ventures for Cyberattack Intercept Technology

– HYAS closed a $16m round of funding led by S3 Ventures.
– The funds will be used to accelerate product development and global market expansion for the company’s cyber attack infrastructure identification and blocking technology.
– Charlie Plauche, Partner at S3 Ventures, will join the HYAS board of directors.
– The round was also supported by Uncorrelated Ventures, Tightline Holdings, Cyber Mentor Fund, Dcode Capital and the continued participation from previous investors M12, Startup Capital Ventures, and 205 Capital.
– HYAS focuses on the attacker infrastructure rather than the individual attack and includes a portfolio of innovative solutions that identify the infrastructure and communication flows used by cyber criminals and fraudsters.
– HYAS Protect combines infrastructure expertise and multi-variant communication pattern analysis to deliver a generational leap, delivering preemptive security against existing and emerging attacks.

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Analytics Artificial Intelligence Big Data Cyber Security Fraud Detection Machine Learning Mobile Advertising North America Security

Scalarr Secures $7.5M in Series A Funding

– Scalarr is a machine learning based ad fraud prevention company based in Delaware.
– The company raised $7.5m in Series A funding.
– The round was led by the European Bank of Reconstruction and Development (EBRD), with participation from TMT Investments, OTB Ventures, and Speedinvest.
– The new investment will be used to expand the company’s presence and operations in Asia.

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