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CSE alumni startup Sift Science raises $18 million Series B round

sift-logo-in-magento_5_1San Francisco-based credit card fraud prevention company Sift Science – led by UW CSE alum Jason Tan – has raised an $18 million Series B round led by Spark Capital with participation from Union Square Ventures, Max Levchin, and First Round Capital.

Sift Science has developed a method to detect fraudulent charges as they’re happening, pairing a smart UI with machine learning.  Sift Science has raised $23.6 million in total funding to date.

Read more on TechCrunch here.