DataVisor, a Mountain View, Calif.-based provider of fraud detection solutions using unsupervised machine learning, raised $40m in Series C financing.
The round was led by Sequoia China, with participation from existing investors New Enterprise Associates and GSR Ventures. In conjunction with the funding, Rock Wang, managing director at Sequoia China, will join DataVisor’s board of directors.
The company intends to use the funds to expand its global presence in the fraud detection and prevention market.
Founded in 2013 by Yinglian Xie, CEO and co-founder, DataVisor provides fraud detection solutions that use machine learning to identify various types of fraud and abuse, including fraudulent transactions, fake content, spam and abuse, identity theft, application fraud and money laundering. Its full-stack risk platform provides end-to-end protection against attacks by modern cybercriminals, and is based on a combination of a proprietary unsupervised machine learning engine and aggregated digital information from its Global Intelligence Network.
To date, the company has protected more than 2 billion users globally from some of the largest financial institutions and Internet properties in the world, including Pinterest, Yelp, Alibaba Group, Dianping, Toutiao, Cheetah Mobile and Tokopedia.
The company has offices in Beijing and Shanghai.