Darwinium, a San Francisco, CA-based digital security and fraud prevention platform, has raised $18 million in Series A financing, bringing its total raised to $26 million.
SaaS Investors
The round was led by U.S. Venture Partners (USVP), with participation from seed investors Blackbird, Airtree Ventures, and Accomplice.
U.S. Venture Partners (USVP) is a Silicon Valley-based venture capital firm, helping entrepreneurs build world-class companies since 1981. Headquartered in Menlo Park, California, the firm focusing on investments in an array of segments including enterprise software, cyber security, consumer, e-commerce, healthcare, and IT-enabled healthcare services.
Darwinium Use of Funds
The company plans to use the funds to scale its edge-based solution across various industries, including fintech, eCommerce, financial services, gaming, and gambling.
About Darwinium
Darwinium is a next-generation digital security and fraud prevention platform. It focuses on fraud detection processes at the customer's network perimeter and provides a continuous view of user behavior to better separate trusted and risky behavior. It also offers a SaaS-based approach to data protection, encrypting and anonymizing data on the edge, which helps with regulatory compliance and user privacy. The company is headquartered in the US with offices in Sydney and London.
Funding Details
Company: Darwinium, Inc.
Raised: $18.0M
Round: Series A
Funding Month: October 2023
Lead Investors: U.S. Venture Partners
Additional Investors: Blackbird, Airtree Ventures, and Accomplice
Company Website: https://www.darwinium.com/
Software Category: Digital Security and Fraud Prevention
Source: https://www.businesswire.com/news/home/20231018042938/en/