Precognitive, a Chicago, IL-based fraud prevention startup, rasied $1.25m in seed funding.
The round was led by Corazon Capital with participation from Flybridge Capital Partners, Hyde Park Venture Partners and Jeff Liesendahl, the co-founder and former CEO of Accertify.
The company intends to use the funds to continue to build its modular tool set.
Founded in January of 2016, Precognitive provides a SaaS-based fraud detection and prevention technology platform that aims to thwart malicious purposes and to stop online fraud before it happens.
Precognitive takes a multi-dimensional approach to fraud detection and prevention by combining device intelligence, advanced behavioral analytics, and a real-time decision engine to accurately detect and prevent fraud for online businesses. This holistic methodology enables organizations to detect and prevent fraud at the time of each transaction, while enabling a smooth customer journey for legitimate consumers.