Moonsense, a San Francisco, CA-based fraud prevention innovator, raised $4.2 million in seed funding to support the general availability of their user behavioral and network intelligence solution.
The round was co-led by XYZ Ventures and Race Capital, with participation from TheGP, Foothill Ventures, and individual investors including Sekhar Sarukkai, John Lilly, and Josh Wills.
With the new funding, Moonsense aims to revolutionize the fraud prevention industry by eliminating the dependence on costly professional services.
Moonsense CEO and Co-founder Andrei Savu said, “Our vision is to deliver a next-level data management and AI/ML solution for personalized fraud detection.” Ross Fubini, founder, and Managing Partner at XYZ Venture Capital, added, “We believe user behavioral analytics is the future for fraud prevention. We are partnering with Moonsense because they are pushing the industry forward.”
The platform aims to help organizations future-proof their fraud detection and prevention efforts. Moonsense offers next-level data management and AI/ML solution for personalized fraud detection.
Their product offering empowers businesses to develop tailored risk-scoring models, giving them the flexibility and control to customize their fraud management strategies.
In addition to the funding announcement, Moonsense is also offering a free trial of Moonsense Cloud, allowing organizations to harness digital body language and source data for enhanced fraud detection.
Company: Moonsense, Inc.
Raised: $4.2M
Round: Seed Round
Funding Month: May 2023
Lead Investors: XYZ Ventures and Race Capital
Additional Investors: TheGP, Foothill Ventures, and individual investors including Sekhar Sarukkai, John Lilly, and Josh Wills
Company Website: https://www.moonsense.io/
Software Category: Fraud Prevention Solutions
About the Company: Moonsense is a pioneering risk data acquisition and management company committed to transforming the fraud prevention landscape. By harnessing the power of AI/ML and user behavioral intelligence, Moonsense offers a groundbreaking approach to safeguarding businesses from emerging threats. The company’s innovative solution provides organizations with the tools to develop customized risk-scoring models, enabling them to do more with less and effectively combat fraud while minimizing costs. With a focus on flexibility and adaptability, Moonsense is dedicated to delivering cutting-edge fraud prevention solutions for a diverse range of security and risk-focused industries. Moonsense’s innovative solution is being actively used across several security and risk-sensitive industries, such as financial services, FinTech, online merchants, and online gambling, among others.
Source: https://www.businesswire.com/news/home/20230503005418/en/