DataVisor, a Mountain View, CA-based company that provides online fraud detection and risk management software for financial services and digital commerce, announced that it secured a $40 million strategic growth investment.
The round was led by Brighton Park Capital (“Brighton Park”), an investment firm that specializes in collaborating with software, healthcare, and tech-enabled services businesses. All major existing investors, including NewView Capital and GSR Ventures, also participated.
The new capital will accelerate DataVisor’s global go-to-market strategy and drive further expansion at scale.
“Since founding DataVisor in 2013, our team has been keenly focused on developing a best-in-class platform that meets the holistic and comprehensive needs of customers around the world. Now is the right time to further scale our platform through a strong go-to-market strategy, which is why we are thrilled to be partnering with Brighton Park. Their team of investment professionals not only has significant expertise in enterprise SaaS and fintech, but also broad industry connections and deep experience executing B2B and go-to-market strategies.” said Yinglian Xie, CEO, and Co-Founder of DataVisor.
DataVisor’s Fraud and Risk Platform applies both business-specific rules and machine learning models to help users proactively identify fraudulent patterns and potential areas of vulnerability with high detection accuracy.
The company has rapidly grown its diverse customer base to include many Fortune 500 financial services and e-commerce organizations globally, including DCI, NASA Federal Credit Union, Neo Financial, Galileo Financial Technologies, and Air Asia, and experienced 3x ARR growth in FY22.
Company: DataVisor, Inc.
Raised: $40.0M
Round: Strategic Growth Investment
Funding Month: December 2022
Lead Investors: Brighton Park Capital
Additional Investors: NewView Capital and GSR Ventures
Company Website: https://www.datavisor.com/
Software Category: Fraud Detection and Risk Management Software
About the Company: Founded in 2013 by Yinglian Xie, PhD and Fang Yu, PhD, DataVisor is a fraud and risk management platform that enables organizations to respond to fast-evolving fraud attacks and mitigate risks as they happen in real-time. Its comprehensive solution suite combines patented machine learning technology with native device intelligence and a powerful decision engine to provide protection for the entire customer lifecycle across industries and use cases. DataVisor is recognized as an industry leader and has been adopted by many Fortune 500 companies across the globe.
Source: https://www.datavisor.com/news/datavisor-announces-strategic-growth-investment/