Darwinium raises $18 million to accelerate adoption of digital security and fraud prevention platform
Digital security and fraud prevention platform, Darwinium, has raised $18 million in Series A financing led by U.S. Venture Partners (USVP), with participation from seed investors: Blackbird, Airtree Ventures and Accomplice.
This brings total investment to $26 million and enables Darwinium to scale its edge-based solution across global geographies, where it is gaining traction across multiple vertical industries including FinTech, e-commerce, financial services and gaming/gambling.
“The Darwinium team has built something truly unique,” says Rick Lewis, General Partner at USVP.
“They offer a product that is both simple to deploy and effective at reducing fraud losses and reputational damage associated with the ever more complex web of digital fraud. Darwinium is a game-changer, differentiated in a crowded market, offering the innovation that businesses are asking for to simplify their risk stack.”
“AI capabilities have given fraudsters the upper hand of speed, scale and greater efficiency,” says Alisdair Faulkner, Co-founder and CEO, Darwinium and former Co-founder and CPO ThreatMetrix (acquired by LexisNexis Risk Solutions in 2018 for $830 million).
“This is why we designed Darwinium to deliver the visibility and coverage of a security tool, the context and insight of fraud solutions, with the agility of AI. It’s the platform that will future-proof organisations against the most complex attacks.”
“With this round, we can more effectively execute on our vision to protect every customer from the consequences of fraud, scams and abuse.”
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