Signifyd Gets $2M For Fraud Prevention

Palo Alto-based Signifyd said Wednesday that it has raised $2M in a seed funding round, for developing a risk and fraud prevention platform for online e-commerce customers. The funding came from Andreessen Horowitz, Data Collective, IA Ventures, QED Investors, Resolute.VC, Tekton Ventures and other angels. The company, led by Raj Ramanand, said the funding will go towards expanding its engineering team and for product development. The company is focusing on providing services to e-commerce vendors to help prevent fraud and for payment validation. More information »