Ex-Googlers Launch Sift Science, A Fraud-Fighting System For Websites, Backed By $5.5M In Funding From Union Square, First Round, YC & Others

view story

http://techcrunch.com – Sift Science, a Y Combinator-backed startup founded by former Google engineers, is today launching its fraud-fighting service based on machine learning – a system designed to adapt to the ever-changing techniques used by criminals online. The company is also announcing $4 million in Series A funding, led by Union Square Ventures. As a part of the funding, Union Square’s Albert Wenger is joining the company’s board. Sift Science had previously raised $1.5 million in seed funding, bringing its total raise to $5.5 million. Other investors in Sift Science include Max Levchin (Pa (IT news)