[Techtaffy Newsdesk]
Signifyd, a standalone risk and fraud prevention platform, has raised $2 million in financing from Andreessen Horowitz, Data Collective, IA Ventures, QED Investors, Resolute.VC, Tekton Ventures and other angel investors. The company plans to use the funds to expand its engineering team and accelerate product development.
Headquartered in Palo Alto, CA, Signifyd was founded in 2011 by former Paypal employees. The company has in total raised $2.2 million in seed funding from Andreessen Horowitz, Data Collective, IA Ventures, QED Investors, Resolute.VC, Tekton Ventures and various angel investors.
[Image courtesy: Signifyd]