Feedzai Raises $50M in Series C Funding

Funding Rounds

▤ Summary

Feedzai, a San Mateo, Calif.-based provider of an artificial intelligence (AI) driven platform for enterprises to manage risk and fight fraud in real-time, closed $50m funding round.This new funding, which brings the total venture capital raised to $82m from nine major investors also including Oak HC/FT, Capital One Growth Ventures, Citi Ventures, and others, includes a Series C round from an undisclosed investor, in addition to funding from existing investor Sapphire Ventures.The company intends to use the funds to accelerate growth, invest in people, and advanced data science and machine learning technology.Led by Nuno Sebastiao, Feedzai CEO and co-founder, Feedzai leverages AI, machine learning technology to provide omnichannel fraud prevention solutions for banks, payment providers, and retailers transacting in virtually every country in the world to manage risks associated with banking and ecommerce.FinSMEs 17/10/2017

$ Funding

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Amount $50.0M Total raised
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Date October 17, 2017 Announcement date
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Investors Sapphire Ventures, LLC Lead investors
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Company http://www.feedzai.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
AI & Machine learning

◇ AskAI Classifications

Labels
Network Automation Software Telecom Software Cybersecurity Software

▦ Linked Companies