Feedzai, a data science company that makes banking and commerce safe by using real-time, machine-based learning to analyze big data to detect and prevent fraud, announced it has raised a $17.5 million Series B financing round. Oak HC/FT led the financing, along with existing investors, Sapphire Ventures (formerly SAP Ventures) and Espirito Santo Ventures.
Feedzai was founded by data scientists and aerospace engineers with one powerful mission: Make commerce safe for business customers and create a better experience for their consumers through artificially intelligent machine learning. The mightiest companies in the world use Feedzai’s anti-fraud technology to keep commerce moving safely.
They are using fluid machine-learning, paired with human insight and intuition. Blending the two creates a powerful combination that both understands and prevents fraud. This cutting edge intelligence means Feedzai future-proofs your business against technologies that will evolve to defraud your company.
The more data you have, the more power your business can harness for fraud detection and prevention. You no longer have to be daunted by the sheer volume of data and information. Feedzai helps you thrive in the overwhelming mass, and turns big data into insights and tools to reduce risk and eradicate fraud.