Worldpay took part in a $21.7m Highland Europe-led round that will support the behavioural analytics platform's international expansion.
Featurespace, a UK-based adaptive behavioural analytics spinout from University of Cambridge, raised £16.5m ($21.7m) in funding yesterday from investors including payment processing firm Worldpay.
The round was led by technology fund Highland Europe, with additional participation from investment firm Invoke Capital and Touchstone Innovations, the commercialisation firm spun out from Imperial College London that was formerly known as Imperial Innovations.
Featurespace has developed behavioural analytics software that uses machine learning to prevent fraud. The platform, Aric, is able to detect…