The fraud protection software provider is valued at about $400m, following an American Express Ventures-backed round led by Premji Invest.
American Express Ventures, the corporate venturing arm of payment services firm American Express, participated in a $100m series D round for US-based fraud protection platform Signifyd yesterday.
The round was led by investment firm Premji Invest and also featured Bain Capital Ventures, Menlo Ventures, IA Ventures, Allegis Cyber and Resolute Ventures. It valued Signifyd at about $400m, a person with knowledge of the deal told Bloomberg.
Signifyd has developed software that uses machine learning algorithms, behavioural technology and data science…
