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
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Featurespace raises $9m venture round
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.
