Sift science

regtechauthentication and fraud preventionartificial intelligence/machine learning

FOUNDING YEAR: 2011
LOCATION: United States
Last Update: 01/05/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

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:

Alex Rampell

Alexis Ohanian

Chris Dixon

First Round Capital

Founder Collective

Garry Tan

Harj Taggar

Insight Venture Partners

Jamie Tomasello

Kevin Scott

Lee Linden

Marc Benioff

Max Levchin

Rich Barton

Spark Capital

Start Fund

Stripes Group

SV Angel

Union Square Ventures

Y Combinator

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

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp