June 28, 2017
New investment will take the e-commerce fraud-protection leader to the next level, as it continues to develop its technology, grow the team in New York and Tel Aviv and expand into new markets
NEW YORK CITY, June 27, 2017 – Riskified, the world’s leading e-commerce fraud prevention solution, announced today that it secured an additional $33 million of growth stage funding, bringing the company’s total funding to $64 million. The most recent round of funding was led by Israeli-based Pitango Growth and joined by Capital One Growth Ventures, Groupe Arnault, the controlling shareholder of LVMH, and C4 Ventures. Existing investors also joined the round. Riskified plans to use the funds to accelerate market penetration, solidify its position as the market leader and serve new merchants internationally.
Riskified’s industry-leading machine learning algorithm, proprietary behavioral analytics and the amplifying effect of its wide network protect merchants from fraud while maximizing their revenue. Retailers including Foot Locker, Simplehuman, Macy’s and many more rely on Riskified to provide a better customer experience wh ...