Software startup Feedzai announced it has raised $50 million in Series C financing. Five investors participated in the round, including Sapphire Ventures, Capital One Growth Ventures, Citi Ventures, and First Data Corporation.
Feedzai’s unique risk management platform is powered by artificial intelligence (AI) to make banking and commerce safe. It ingests and transforms multiple data streams and fraud insights across any channel, then enriches the data to create hypergranular risk profiles. Its machine learning processes events and transactions in milliseconds, and delivers explainable artificial intelligence by adding a human-readable semantic layer to the underlying machine logic, resulting in better fraud prevention, streamlined operations, and improved customer experience.
This new round of funding will help Feedzai accelerate its growth as it continues to invest in top people as well as data science and machine learning technology.