Sift science
regtech . authentication and fraud prevention . artificial intelligence/machine learning
FOUNDING YEAR: 2011
LOCATION: United States
Last Update: 01/05/2020
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MEDICI Analysis
Sift Science is an automated fraud detection platform to help e-commerce businesses from the fraud online transactions. Sift Science employs machine learning, device fingerprinting, email analysis techniques to learn and continuously adapt to fraud patterns in real time and sends a score to the customer.
Focus
PRODUCTS & SERVICES
Real-time fraud detection system for enterprises. It helps e-commerce businesses detect and fight fraud.
REVENUE MODEL
The company follows volume pricing business model. (Per monthly volume order has a different pricing.)
MAIN CLIENTS
Airbnb Inc.
JackThreads Inc.
Hotel Tonight Inc.
Kickstarter
OpenTable Inc.
Wayfair LLC
Uber Technologies Inc. and Watsi.org and number of vertical markets including physical and digital e-commerce
travel and hospitality
communities and marketplaces
financial institutions and payment processors
SaaS companies and beyond.
COMMENT
Sift Science fights fraud with machine learning.Machine learning teaches a computer to mine data for statistical patterns, and continuously learn and adapt as new data streams in.
People
FOUNDERS
Brandon Ballinger
Jason Tan
BOARD MEMBERS AND ADVISORS
Albert Wenger
Mo Koyfman
NUMBER OF EMPLOYEES
11-50
INVESTORS:
KEY EMPLOYEES:
Jason Tan (CEO); Fred Sadaghiani (CTO)
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
5
TOTAL FUNDING
$106.6 M
DATE OF LAST FUNDING
Mar 2018
TOTAL FUNDING COMMENT
The company is planning to use the funds to expand its global presence in the fraud detection and prevention market(March 2018).
SEED & PRIOR FUNDING
$1.6 M
SEED CLOSED ON
Sep 2011
FUNDING SERIES
SERIES A · $4 M · Mar 2013
SERIES B · $18 M · May 2014
SERIES C · $30 M · Jul 2016
SERIES D · $53 M · Mar 2018
LISTED
NO
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