IP Group put up $5.4m for Cambridge fraud detection spinout Featurespace’s latest round to bring the company’s overall funding haul to $70.9m.

Featurespace, a UK-based fraud detection technology spinout from University of Cambridge, secured £25m ($32.9m) yesterday in a round that included a $5.4m investment from commercialisation firm IP Group. Investment firm Insight Venture Partners and VC fund MissionOG co-led the round, which also featured Highland Europe, TTV Capital and Invoke Capital, in addition to private investor…

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