Signifyd, a San Jose, Calif.-based provider of guaranteed fraud protection for e-commerce businesses, secured $100m in a Series D funding.
The round was led by Premji Invest, with participation from existing investors Bain Capital Ventures, Menlo Ventures, American Express Ventures, IA Ventures, Allegis Cyber and Resolute Ventures.
The company intends to use the new funding to further accelerate its growth with global enterprise and omnichannel retailers.
Led by CEO and co-founder Raj Ramanand, Signifyd combines machine learning algorithms, proprietary behavior technology and advanced data science research to help identify fraudulent orders for more than 10,000 retailers globally. This network of shared intelligence helps enable global e-commerce for some of the world’s largest brands, such as Build.com, Helly Hansen, iRobot, Jet (now a part of Walmart), Lacoste, Luxottica, Stance, Tous and Wayfair, by allowing them to fulfill more legitimate orders while improving the customer experience.