Feedzai Nabs $17.5 Million in Series B Round
May 19, 2015
Feedzai, a data science company that provides technology that helps companies prevent fraud, today revealed at the CNP Expo in Orlando, Fla., it has raised $17.5 million in Series B financing. The San Mateo, Calif.-based company said the capital infusion will be directed toward bolstering its engineering and sales teams. Oak HC/FT led the round with participation from existing investors Sapphire Ventures and Espirito Santo Ventures.
“Fraud detection and prevention is an important investment opportunity in the U.S. and Europe,” said Patricia Kemp, a general partner at Oak who will seat on Feedzai’s board. “Feedzai’s capabilities in big data science and machine learning, combined with its strong management team, has enabled the Company to create a powerful portfolio of fraud-prevention solutions for the world’s largest banks, retailers and payment providers.”
Feedzai said its customers, which include Coca-Cola, Vodafone and Ericsson, used the company’s technology to analyze a total of more than 100 billion transactions in the past 12 months. Visit Feedzai at the CNP Expo in Booth #316 at the Caribe Royale Resort Conference Center in Orlando, Fla.