Simility Adds Trinity Ventures to Close .7 Million Round

PALO ALTO, Calif.–(BUSINESS WIRE)–Simility, a cloud-based fraud detection startup, today announced it has closed its $5.7 million seed round, including tier one investor Trinity Ventures along with angel investors — adding $2.25 million to the previously announced $3.45 million investment led by Accel Partners. “Investing in Simility is an investment in preserving trust in e-commerce, and they’ve already made remarkable progress,” said Trinity Ventures general partner Fred Wang. “In just a year, Simility has hired a team of data science, engineering and operations professionals, opened new offices, and deployed its private beta fraud detection offering in online marketplaces that serve millions of people worldwide.” Simility’s adaptive fraud detection software and services combine machine learning with human analysis to spot and stop fraud in online marketplaces. The Simility SaaS platform is…


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