"Fraud prevention and AML compliance firm SEON today announced raising $80 million in Series C funding, which brings the total raised by the company to $187 million. The new investment round was led by Sixth Street Growth, with additional support from Hearst and previous investors Creandum, Firebolt, and IVP. Founded in 2017, SEON leverages AI to analyze tens of millions of customer interactions each day and detect and block fraud attempts in real time."
"The company relies on more than 900 first-party data signals to deliver threat intelligence for multi-layered defenses, supports a multitude of analysis types, and provides transparency into decisioning. Helping organizations remain compliant, the company's comprehensive API-driven platform is used by thousands of companies worldwide, including known digital brands and fast-growing fintech, payments and iGaming firms. SEON will use the fresh investment to advance its AI and real-time detection capabilities, hire new talent, and scale its presence across the APAC and South American regions."
SEON raised $80 million in Series C financing, bringing total funding to $187 million. The round was led by Sixth Street Growth with participation from Hearst, Creandum, Firebolt, and IVP. SEON uses AI to analyze tens of millions of customer interactions daily and detect fraud in real time from offices in Austin, London, Budapest, and Singapore. The platform leverages more than 900 first-party data signals, supports multiple analysis types, and offers transparent decisioning. Thousands of companies across fintech, payments, iGaming, and digital brands use the API-driven platform. The funds will advance AI and real-time capabilities, hiring, regional expansion, and deeper integrations.
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