DataVisor expands its footprint in fraud prevention market with USD 40 mln

Wednesday 14 February 2018 00:41 CET | News

DataVisor, a fraud prevention solutions provider, has announced a USD 40 mln Series C round of financing to expand its global footprint in the fraud detection and prevention market.

The funding was led by Sequoia China, with participation from existing investors New Enterprise Associates and GSR Ventures.

DataVisors fraud detection solutions use machine learning to identify various types of fraud and abuse, including fraudulent transactions, fake content, spam and abuse, identity theft, application fraud and money laundering.

The company’s risk platform provides end-to-end protection against attacks by modern cybercriminals, and is based on a combination of a proprietary unsupervised machine learning engine and aggregated digital information from DataVisors Global Intelligence Network.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: funding, DataVisor, fraud prevention, machine learning, security, fraudulent transactions
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: World
This article is part of category

Securing Transactions

Industry Events