Riskified, a Tel Aviv, Israel-based e-commerce fraud prevention company, secured $25m in funding.
The round was led by Qumra Capital with participation from The Phoenix Insurance Company, NTT DOCOMO Ventures, and existing investors Genesis Partners and Entrée Capital.
The company, which has raised $31m in total funding to date, intends to use the funds to further accelerate growth and customer success.
Led by Eido Gal, cofounder and CEO, Riskified provides an e-commerce fraud prevention solution that leverages proprietary behavioral analytics technology and machine learning to protect the bottom line and customer experience, guaranteeing the business of hundreds of global brands – from luxury fashion houses and retail chains, to gift card and ticket marketplaces. Founded in 2013, the company also has U.S. offices in Boston.