Feedzai raises $50 million

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Feedzai, a data science company that detects fraud in omnichannel commerce using artificial intelligence and machine learning, has closed $50 million in new funding including a Series C round from an undisclosed investor, in addition to funding from existing investor Sapphire Ventures. Leading financial institutions that back Feedzai technology include Citi, Capital One, First Data, and other global brands.

[Image courtesy: Feedzai]