San 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.
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