Simility Raises $2.25M in Seed Funding

logo-similitySimility, a Palo Alto, CA-based fraud detection startup, raised an additional $2.25m in seed funding.

This extension funding, from Trinity Ventures and other angel investors, added to the previously announced $3.45m investment led by Accel Partners and brought the total to $5.7m.

The company intends to use the funds to continue to advance its solution.

Led by Rahul Pangam, CEO, Simility provides SaaS-based adaptive fraud detection software and services that combine machine learning with human analysis to spot and stop fraud in online marketplaces. The platform is customizable and provides data visualization capabilities to allow fraud managers to catch fraudsters and protect customers.
The solution is in closed beta.



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