Bureau, a San Francisco startup selling a risk intelligence platform for businesses, has attracted $30 million in new venture capital financing as investors bet on AI-powered fraud prevention technologies.
The company said the Series B raise was led by Sorenson Capital and also included equity stakes for PayPal Ventures, Commerce Ventures, GMO Venture Partners, Quona Partners, XYZ Ventures and Village Global.
Bureau, which claims it has tripled revenues since its last funding round, has raised more than $50 million since launching in 2020 with a product that helps businesses flag and money mule accounts, deep-fake identities, account takeovers and payment fraud.
Bureau said its technology integrates device intelligence, behavioral AI, identity data, and predictive modeling into a unified product, eliminating the need for multiple vendor integrations.
“Traditionally, compliance, fraud, security, and credit risks have been siloed in companies and served by multiple point solutions in each domain,” Bureau said in a statement announcing the new financing, noting that its proprietary identity knowledge graph now contains over half a billion identities and behavioral patterns to help provide real-time risk intelligence top businesses.
The company said it has found traction in the banking, fintech, gaming, and e-commerce categories.
Bureau plans to use the money on R&D and international expansion.
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