Darwinium, a San Francisco, CA-based provider of a digital security and fraud prevention platform, raised $18m in Series A financing.
The round, which brought total funding to $26m, was led by U.S. Venture Partners, with participation from Blackbird, Airtree Ventures and Accomplice.
The company intends to use the funds to expand operations and its business reach to scale its edge-based solution across global geographies, where it is quickly gaining traction across multiple vertical industries including fintech, eCommerce, financial services and gaming/gambling..
Led by Alisdair Faulkner, co-founder and CEO, Darwinium provides continuous customer protection solutions that take security and fraud prevention to the edge, removing the operational burden of implementing and maintaining API-based solutions. The system provides complete visibility and control of every digital interaction – across web, apps and APIs – to separate good and bad behavior, in real time. Businesses can make accurate, real-time decisions, and take dynamic, tailored remediation that favors the customer and not the fraudster.
By leveraging content delivery networks (CDNs) such as Cloudflare and AWS CloudFront to integrate at the network perimeter, Darwinium provides a continuous view of user behavior with journey-time orchestration. The platform also has integrations with third-party services that further enrich risk decisions with additional intelligence, making it easy for customers to simplify their cyber-fraud strategy by consolidating multiple solutions.
The system uses a fully anonymized version of this data that can be processed and leveraged globally while remaining unexposed/unrecoverable to fraudsters. This streamlines compliance with regulations such as the California Consumer Privacy Act of 2018 (CCPA) and the EU General Data Protection Regulation (GDPR), while better preserving user privacy.
The solution has already been adopted worldwide by leading companies across its key verticals.
FinSMEs
18/10/2023