Sift Science Raises M in New Funding, Releases Products to Fight New Types of Fraud and …

SAN FRANCISCO, CA–(Marketwired – Jul 19, 2016) – Today, Sift Science announced a $30M Series C funding round led by Insight Venture Partners. Prior investors Union Square Ventures and Spark Capital also participated, bringing the company’s total funding to $54M. The company also launched a new set of products designed to detect and mitigate additional types of fraud and abuse.Sift Science helps companies make decisions in real time about who they can trust online. Their machine learning software automatically learns and detects fraudulent behavioral patterns, alerting businesses before they or their customers are defrauded. When businesses have a clear picture of which customers are legitimate and which are trying to commit fraud, they can build better online experiences that customers love, while saving millions of dollars in lost revenue. Sift…


Link to Full Article: Sift Science Raises M in New Funding, Releases Products to Fight New Types of Fraud and …