nSure.ai, a Tel Aviv, Israel-based predictive AI fraud protection company, raised $6.8m in seed funding.
The round was led by DisruptiveAI, Phoenix Insurance, Kamet – an AXA backed venture builder, Moneta Seeds and private investors.
The company intends to use the funds to further develop its predictive AI and machine learning algorithms.
Founded by Alex Zeltcer and Ziv Isaiah, nSure.ai provides a predictive AI fraud protection solution made for sellers of digital goods and services (such as gift cards, digital wallets & banking services, airline tickets, software, games, and more) that are attractive to fraudsters.
The company’s patented predictive AI technology has already been tested at scale, and handles transaction value of hundreds of millions of dollars every year.