Cambridge, UK based fraud prevention startup raised the amount to build out its machine learning-driven fraud detection platform.
Investors in the round were TTV Capital, NESTA, Cambridge Angels, Cambridge Capital and Imperial Innovations
The additional round will enable Featurespace to continue to establish itself as a global provider of machine learning fraud protection to the financial services and gaming sectors. The Company’s clients already include Vocalink/Zapp and CallCredit in financial services, and Betfair, William Hill and Camelot. Earlier this month, leading US-based global payments company TSYS® (NYSE:TSS), announced its collaboration with Featurespace to provide enhanced real-time fraud detection capabilities to TSYS’ customers. TSYS is the largest third-party processor of Visa® and MasterCard® credit cards in the U.S.