Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Online Fraud Prevention Startup SEON Raises $94 Million

Online fraud prevention startup SEON today announced that it has closed a $94 million Series B funding round that brings the total investment in the company to $107 million.

The funding round was led by IVP, with additional investment from Creandum and PortfoLion, as well as several angel investors.

Online fraud prevention startup SEON today announced that it has closed a $94 million Series B funding round that brings the total investment in the company to $107 million.

The funding round was led by IVP, with additional investment from Creandum and PortfoLion, as well as several angel investors.

Founded in 2017, the London-based firm claims to take a GDPR-compliant approach to establishing a user’s digital footprint based on their email, phone number, IP address, or real-time location.

[ READ: Cloud Security Startup DoControl Raises $30 Million ]

SEON’s platform leverages machine learning to help organizations detect fraud in real time and accept more transactions.

SEON, which currently has offices in Austin (TX), Budapest, Jakarta, London, and Singapore, plans to use the new investment to expand its presence in the Americas and APAC regions, build new partnerships, and improve the functionality of its platform.

Related: MDR Provider Critical Start Lands $215 Million Growth Investment

Related: Silverfort Banks $65 Million for Identity Threat Protection Platform

Advertisement. Scroll to continue reading.

Related: Blockchain Security Firm CertiK Raises $88 Million at $2 Billion Valuation

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

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.

Cybersecurity Funding

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

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

CISO Strategy

Security professionals understand the need for resilience in their company’s security posture, but often fail to build their own psychological resilience to stress.

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.