Riskified

Riskified
Private
Industry E-Commerce Cybersecurity
Founded 2012
Headquarters Tel Aviv, Israel and New York City, United States
Key people
 Eido Gal (CEO)
Products Fraud Prevention
Website www.riskified.com

Riskified is a privately held company that provides software as a service (SaaS) fraud and chargeback prevention technology.[1] Notable retailers using Riskified include Macy's, Footlocker, simplehuman, Finish Line, Inc..[2][3]

History

Founded in 2012[4] by co-founders Eido Gal and Assaf Feldman and based in Tel Aviv and New York[3].

Funding

Riskified has secured a total of $64 million in funding. In June 2017 Riskified secured $33 million in a Series C funding[5] round let by Pitango, Capital One Growth Ventures and Groupe Arnault. In February 2016 Riskified secured $25 million in a Series B funding[6] round led by Qumra Capital and NTT DoCoMo Investments. In 2014, Riskified secured $4 million in a Series A funding[7] round led by Genesis Partners and joined by notable investors, including Entree Capital and Founder Collective. Riskified secured $1.7 million in seed funding in 2012 from Genesis Partners.[8]

Technology

Riskified’s technology uses behavioral analysis, elastic linking, proxy detection, and machine learning to detect and prevent fraud.[9] Riskified backs transactions approved by its technology with a chargeback 100% money-back guarantee in the event of fraud.[10]

Awards

Riskified won the 2016 METAward (MRC Emerging Technology Awards) for Spektra, an innovative behavioral model approach that uses new machine-learning algorithms to detect and avoid fraud. [11]


References

  1. ↑ Schulz. "No Contest". National Retail Federation. Retrieved 2015-12-22.
  2. ↑ "Riskified raises $33 million from Pitango Growth, Capital One Growth Ventures". 2017-06-27. Retrieved 2017-06-27.
  3. 1 2 Safdar, Khadeeja (April 9, 2018). "Why Paying for Fast Shipping Could Get You Flagged as a Fraudster". WSJ.com. The Dow Jones Company. Retrieved 27 August 2018. Tel Aviv-based startup called Riskified works with Macy’s and Finish Line
  4. ↑ "WSJ | The Daily Startup: Riskified Raises $4M to Fight E-Commerce Fraud". Wall Street Journal. Retrieved 2015-12-22.
  5. ↑ "Riskified raises $33 million from Pitango Growth, Capital One Growth Ventures". 2017-06-27. Retrieved 2017-06-27.
  6. ↑ "Funding Daily: Riskified nabs $25 million to fight ecommerce fraud". 2016-02-10. Retrieved 2016-02-10.
  7. ↑ "The Daily Startup: Riskified Raises $4M to Fight E-Commerce Fraud". 2014-08-19. Retrieved 2015-12-22.
  8. ↑ "Riskified secures USD 1.65 mln in funding round". www.thepaypers.com. The Paypers. Retrieved 2015-12-22.
  9. ↑ "Daily API RoundUp: Qualys, Riskified, ESPN SDKs". ProgrammableWeb. Retrieved 2015-12-22.
  10. ↑ Stambor, Zak. "Payment security vendor Riskified's new tool comes with a money-back guarantee". Retrieved 2015-12-22.
  11. ↑ "2016 METAward Winners". www.merchantriskcouncil.org. Merchant Risk Council. Retrieved 2016-03-15.
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