DARWINIUM, A NEXT-GENERATION FRAUD AND SECURITY PLATFORM, SECURES AN INITIAL $10 MILLION FUNDING ROUND - PR Newswire APAC
Summary
Darwiniums technology enables a new approach to holistic customer protection by understanding the complete user journey, reducing friction and fraudSAN FRANCISCO, LONDON and SYDNEY, Nov. 3, 2022 /PRNewswire/ -- Darwinium, a pioneering new Customer Protection Platform, has today announced a seed funding round of $10 million USD led by Blackbird alongside Airtree, both Australian headquartered Venture Capitalist firms. The initial funding round, raised to elevate the global launch of the company into the security and fraud sector, will be targeted towards both product and customer expansion. Additional funding was supported by several prominent angel investors including Naval Ravikant and Jeff Fagnan.The company was founded by Alisdair Faulkner, CEO of Darwinium and former Chief Product Officer of ThreatMetrix, which was acquired for $817 million in 2018. Account compromise and online fraud continue unabated, facilitated by swathes of breached credentials, despite large investments in solutions meant to separate good and bad behavior. "Faulkner continued: "These siloed and limited approaches are consistently causing unnecessary friction for those customers that businesses want to protect their sales process and cart abandonment.