DataVisor Raises $40 Million to Fight Fraud
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DataVisor Raises $40 Million to Fight Fraud

On Tuesday, DataVisor revealed it has raised $40 million in a new round of funding, and that the objective of this new influx of funds is to expand its software usage. DataVisor has a software that uses machine learning to fight against fraud and other cybercriminal activities.

The Series C funding was headed by Sequoia China. DataVisor is a startup led by co-founder and CEO Yinglian Xie, which has recently moved to its new headquarters in the Mountain View, California area. DataVisor also has offices in other locations like Shanghai and Beijing. The new funds will be used specifically for expansion in China.

As a result of this successful funding, Rock Wang, Managing Director of Sequoia China, will be on the board of DataVisor. The funding round also saw participation from existing investors New Enterprise Associates and GSR Ventures. The head count of DataVisor has doubled in the last year, and is now 75 across both their offices in Silicon Valley and China.

Speaking on this occasion, Managing Partner of Sequoia China Neil Shen said: “Online fraud is on the rise in China and globally, and many enterprises are investing in advanced artificial intelligence solutions to tackle the threat. DataVisor’s platform delivers best-in-class technology. DataVisor’s solution is the first proven unsupervised machine learning technology successfully deployed at scale. Its platform uniquely identifies new and unknown fraud signals, which means that businesses can stay a step ahead of the fraudsters instead of lagging behind.”

The company has forecasted a user base of $2 billion, coming from some of the largest financial institutions and internet companies in the world, including the likes of Pinterest, Yelp, and Alibaba.

Anirudh Menon
Anirudh Menon
I have adorned multiple hats during my professional journey. My experience of 14 years comes in areas like Sales, Customer Service and Marketing. My journey as a professional writer started 5 years back, when I started writing for an in-house magazine for my employer. Having successfully delivered many in-house projects, it encouraged me to take my skill to the world. As on day, I have written articles, blogs website content for various industries like Information Technology, Start-up, Retail and Government. The subjects that I have covered range from Digital Marketing, SAP Cloud Platform, Cloud Computing, Content Marketing , Politics. Enhancement is a process and I constantly thrive to add more subjects in my portfolio. Over and above content writing, I also train language and communication to students who want to brush up their speaking skills. I am a part time trainer for IELTS coaching and also work as a budding voice over artist.

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