November 21, 2017
Featurespace, a U.K.-based antifraud technology provider, has opened a U.S. headquarters in Atlanta. The company, which secured nearly $22 million in new capital from several investors, used part of the cash infusion to set up shop in the southeastern city that many payments companies (including e-commerce payments provider Worldpay, which participated in the funding) call home in the U.S. Featurespace’s technology, which grew out of research conducted at Cambridge University, leverages machine learning and behavioral analytics to prevent fraud for e-commerce merchants and banks.
“While there are many factors that contributed to our decision to expand our footprint in the U.S. market, our primary focus has always been our customers,” said David Excell, co-founder and CTO of Featurespace. “We are fully committed to growing our client base and protecting them from the ongoing battle against fraud attacks. Atlanta’s thriving fintech community and talented workforce also played a major role in our decision to open our U.S. office here,” Excell said. “We’re confident the proximity to our partners and clients also will truly further our positive impact to risk mitigation.”