Signifyd Secures an Additional Million for Its Machine Learning-Based Financial Guarantee for …

Capital Infusion from Menlo Ventures, TriplePoint Capital and American Express Ventures enables Signifyd to continue scaling its machine learning infrastructure SAN JOSE, Calif.–(BUSINESS WIRE)–Signifyd, the fastest-growing provider of fraud protection for e-commerce businesses, today announced it has secured $19 million in capital from Menlo Ventures, TriplePoint Capital and American Express Ventures. This announcement comes on the heels of Signifyd’s $20 million Series B round in February 2016, which included funding from Menlo Ventures, Allegis Capital, IA Ventures, QED Investors, Bill McKiernan and Tim Eades. This latest investment allows Signifyd to scale its infrastructure and further optimize its best-in-class machine learning technology. E-commerce businesses do not have the time and resources to effectively combat fraud on their own, resulting in lower margins from chargebacks, people costs and declined orders from legitimate…


Link to Full Article: Signifyd Secures an Additional Million for Its Machine Learning-Based Financial Guarantee for …