![]() The additional funds will enable us to continue rapidly growing the business internationally by focusing on our products, our people and our customers. King said: “We have made tremendous progress over the last 15 months since our last fund raising – and this fund raise is the largest to date. The new investment will support the continued distribution of Featurespace’s real-time ARIC™ platform, which uses Adaptive Behavioural Analytics to detect anomalies in individual behaviour for fraud and risk management. The company continues to hire fast on both sides of the Atlantic with scores of jobs to fill to meet demand for the capabilities Featurespace is delivering based on Cambridge University IP.įeaturespace CEO, Martina King says the company has hired 100 new recruits in the last year and despite global expansion, Cambridge would remain the company’s mothership. The money will be used to support Featurespace’s international expansion and continued development of the company’s software capabilities. The round also included further funding from existing investors including IP Group plc, Highland Europe, TTV Capital, Cambridge angel and serial entrepreneur Robert Sansom and Invoke Capital, Mike Lynch’s European technology fund based in Cambridge. The Series F was led by Insight Venture Partners, a New York-based global private equity and venture capital firm focused on high-growth investments in the technology sector, and MissionOG, a Philadelphia-based VC firm with significant operational and investment experience across the financial services and payments industries. The new round takes Featurespace’s fundraising to $70.5m since launch in 2008. ![]() Massive global expansion for Cambridge UK fraud detection and risk management business Featurespace has been underpinned by a $32.3 million funding round led by two US VC funds anchored in New York and Philadelphia. ![]()
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