Fraud Prevention Firm Sift Science Raises $53 Million


By Eduard Kovacs

Fraud prevention and risk management solutions provider Sift Science today announced that it has closed a $53 million Series D funding round, bringing the total raised to date by the company to $107 million.

The latest funding round was led by New York-based growth equity firm Stripes Group, with participation from SPINS, Remitly, Flatiron Health, Udemy, GrubHub, and previous investors Union Square Ventures, Insight Venture Partners, and Spark Capital.

Sift Science plans on using the newly acquired funds to expand its global footprint in the fraud detection and prevention market, which is estimated …read more

Via:: Security Week