Resistant AI, a Prague, Czech Republic-based startup developing automation technologies that respond to vulnerabilities in financial services, announced that it raised $16.6 million in Series A funding.
The round was led by GV (formerly Google Ventures), with participation from Index Ventures, Credo Ventures, and Seedcamp.
Resistant AI uses the funding to build out Resistant AI’s product, engineering, and sales operations teams beyond their current offices in Prague, London, and New York.
Company: Resistant AI
Raised: 16.6M
Round: Series A
Funding Month: October 2021
Lead Investors: GV
Additional Investors: Index Ventures, Credo Ventures, and Seedcamp
Company Website: https://resistant.ai/
Software Category: AI-powered Fraud-Fighting Platform
About the Company: Founded by the team behind Cognitive Security, an AI-powered cyberthreat detection platform that Cisco acquired in 2013, Resistant AI claims to add an “extra layer” to existing checks for financial apps and services. Resistant AI has built the next generation of open and explainable AI and machine learning analytics to augment existing monitoring systems. Resistant AI’s technology works with and extends our clients’ processes and systems. Resistant AI hunts for criminals while they develop their attack strategy to protect the underlying systems from emergent threats before the damage occurs and monitor each interaction in the ongoing relationship between counterparties, detecting behavioral anomalies known to be symptomatic of criminal activity.
Source: https://venturebeat.com/2021/10/19/ai-powered-fraud-fighting-platform-resistant-ai-raises-16-6m/