Sift Science Raises $4M in Series A Funding
Summary
Sift Science, a San Francisco, CA-based provider of a fraud-fighting service based on machine learning, raised $4m in Series A funding.The round was led by Union Square Ventures, with participation from Rich Barton (Zillow, Expedia), Chris Dixon (Hunch, SiteAdvisor) and existing investors.The company previously raised $1.5m in seed funding from Dixon, Max Levchin (PayPal, Slide), Founder Collective, Marc Benioff (Salesforce), SV Angel, Start Fund, Alex Rampell (TrialPay, SiteAdvisor), Kevin Scott (LinkedIn), Lee Linden (Karma Science), Garry Tan (Posterous, Y Combinator), Harj Taggar (Y Combinator), and Alexis Ohanian (Reddit, Y Combinator).Co-founded June 2011 by Brandon Ballinger and Jason Tan, Sift Science fights fraud leveraging large-scale machine learning.Machine learning lets a computer program recognize patterns of fraudulent behavior based on past examples.
Funding
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