Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Application Security

Feedzai Lands $200M in Series C Funding

Feedzai, a late-stage fintech startup, is the latest entrant into cybersecurity’s unicorn club after snagging a new $200 million funding round that values the company at more than $1 billion.

Feedzai, a late-stage fintech startup, is the latest entrant into cybersecurity’s unicorn club after snagging a new $200 million funding round that values the company at more than $1 billion.

The San Mateo, Calif.- based Feedzai said the latest Series D round was led by KKR, one of the most prominent global investment firms. Existing investors Sapphire Ventures and Citi Ventures also participated.

KKR said the Feedzai investment was made through its Next Generation Technology Growth Fund II, a fund dedicated to growth equity investment opportunities in the technology space.

Feedzai sells a cloud-based financial risk management platform that combines AI/ML-based tools to help banks and other financial services firm to fight against online fraud.

The company said new money comes amidst rising demand for anti-fraud tools and capabilities. Feedzai says it monitors companies with more than 800 million customers in 190 countries, as well as four of the five largest banks in North America. 

Feedzai joins a growing list of cybersecurity companies boasting billion-dollar valuations after banking new funding. The list includes ID.me, Orca Security, Aqua, Axonius, BigID, Coalition, Forter, Lacework, OwnBackup, Socure, Venafi and Wiz.

Related: SentinelOne Achieves Unicorn Status After $200M Funding

Related: Snyk is Latest Cybersecurity Unicorn After banking $150M

Advertisement. Scroll to continue reading.
Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Gain valuable insights from industry professionals who will help guide you through the intricacies of industrial cybersecurity.

Register

Join us for an in depth exploration of the critical nature of software and vendor supply chain security issues with a focus on understanding how attacks against identity infrastructure come with major cascading effects.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Vulnerabilities

Less than a week after announcing that it would suspended service indefinitely due to a conflict with an (at the time) unnamed security researcher...

Data Protection

The cryptopocalypse is the point at which quantum computing becomes powerful enough to use Shor’s algorithm to crack PKI encryption.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...

Data Breaches

OpenAI has confirmed a ChatGPT data breach on the same day a security firm reported seeing the use of a component affected by an...

Artificial Intelligence

The CRYSTALS-Kyber public-key encryption and key encapsulation mechanism recommended by NIST for post-quantum cryptography has been broken using AI combined with side channel attacks.

IoT Security

A group of seven security researchers have discovered numerous vulnerabilities in vehicles from 16 car makers, including bugs that allowed them to control car...