Wednesday, October 18, 2017

Feedzai Finds $50M More In Funding For Fraud Prevention

San Mateo-based Feedzai, a developer of artificial intelligence software being applied to enterprise risk management and fraud prevention, said Tuesday that it raised $50M in a Series C funding round. The funding came an un-named, new investor, along with existing investor Sapphire Ventures. Feedzai is led by co-founder and CEO Nuno Sebastiao. The company's machine learning software is used for fraud prevention at banks and merchants. More information »