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San Francisco-based (but Tel Aviv-founded) fraud detection provider raised $32m in Series C.
The round was led by Scale Venture Partners, with existing backers Sequioa and New Enterprise Associates participating.
Online fraud detection has emerged as a key tool for companies operating online, and it’s not just about point of sale. Last year, P2P lending platform Prosper Marketplace acquired finance-tracking startup BillGuard to bolster its security credentials. And just last week, identity verification startup Onfido raised a further $25 million to help businesses carry out background checks on individuals.
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