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Ecommerce Business Signifyd Secures $100 Million in Series D

Ecommerce Business Signifyd Secures $100 Million in Series D
Credit: signifyd.com

Signifyd, a provider of guaranteed fraud protection for ecommerce businesses, closed $100 million in a Series D round led by Premji Invest, with participation from existing investors Bain Capital Ventures, Menlo Ventures, American Express Ventures, IA Ventures, Allegis Cyber, and Resolute Ventures.

Signifyd’s guaranteed fraud protection combines machine learning algorithms, proprietary behavior technology, and advanced data science research to help identify fraudulent orders for 10,000 retailers globally, including Build.com, Helly Hansen, iRobot, Jet (now a part of Walmart), Lacoste, Luxottica, Stance, Tous, and Wayfair, allowing them to fulfill legitimate orders while improving customer experience.

The new funding will be used to further accelerate Signifyd’s growth with global enterprise and omnichannel retailers.