Signifyd, a San Jose, Calif.-based provider of digital commerce protection solutions, raised $205m in Series E growth equity financing.
The round, which valued the company at $1.34 billion, was led by Owl Rock Capital, with participation from financial services provider FIS and investment management organizations Canada Pension Plan Investment Board (CPP Investments) and Neuberger Berman Investment Advisers.
The company intends to use the funds to expand its Commerce Protection Platform and identity graph globally, across digital shopping and payments, and accelerate its growth in Latin America and EMEA.
Led by CEO Raj Ramanand, Signifyd provides an end-to-end Commerce Protection Platform that leverages its Commerce Network to maximize conversion, automate customer experience and eliminate fraud and customer abuse for retailers. Customers inclue a number of companies on the Fortune 1000 and Digital Commerce 360 Top 500 lists. In 2020, Signifyd saw broad adoption by enterprise retailers such as Samsung, Lenovo, multiple divisions across Walmart, Lacoste, Rite Aid, Quiksilver, Build with Ferguson, Mango and many others.
The company, which also has locations in Denver, New York, Mexico City, Belfast and London.