Touchstone Innovations has returned to back behavioural analytics spinout Featurespace in a funding round that also included payment processing platform Worldpay.
Featurespace, a UK-based adaptive behavioural analytics spinout from University of Cambridge, raised £16.5m ($21.7m) in funding yesterday from backers including Touchstone Innovations, the commercialisation firm spun out from Imperial College London.
The round was led by technology fund Highland Europe, with additional participation from payment processing firm Worldpay and investment firm Invoke Capital. Touchstone supplied £1.4m to the round and now holds a 27.9% stake in the spinout.
Featurespace has developed behavioural analytics software that uses machine learning to prevent…
