Fraud prevention startup nSure AI has raised $6.8 million in seed funding, led by DisruptiveAI, Phoenix Insurance, a joint venture maker backed by AXA, Kamet, Moneta Seeds and private investors.
This round will allow the โหมดทดลองเล่นสล็อต company to support the predictive AI and machine learning algorithms that power the anti-fraud platform. Prior to this round, the company received a $550,000 upfront grant from Kamet in March 2019.
Startup company headquartered in Tel Aviv. It currently employs 16 people, providing fraud detection for high-risk digital goods such as e-gift cards. Flights, software, and games, while most fraud detection tools analyze individual online transactions to try to decide which purchases to approve and reject. The nSure AI risk engine leverages deep learning techniques to accurately identify fraudulent transactions.
Nsure AI, backed by insurance company AXA, says it has an average approval rating of 98% for purchases. Against the industry average of 80%, this allows retailers to reclaim nearly $100 billion a year in lost legitimate customers. The company is so confident in its technology that it accepts liability for any fraudulent transactions. licensed by the platform