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Riskified

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Riskified
File:Riskified18.png
Private
ISIN🆔
IndustryE-Commerce Cybersecurity
Founded 📆2012
Founder 👔
Headquarters 🏙️Tel Aviv, Israel and New York City, United States
Area served 🗺️
Key people
Eido Gal (CEO)
Products 📟 Fraud Prevention
Members
Number of employees
300+
🌐 Websitewww.riskified.com
📇 Address
📞 telephone

Riskified is a privately held company that provides software as a service (SaaS) fraud and chargeback prevention technology.[1] Notable retailers using Riskified include Macy's, Footlocker, simplehuman, Finish Line, Inc..[2][3]

History[edit]

Founded in 2012[4] by co-founders Eido Gal and Assaf Feldman and based in Tel Aviv and New York[3].

Funding[edit]

Riskified has secured a total of $64 million in funding. In June 2017 Riskified secured $33 million in a Series C funding[5] round let by Pitango, Capital One Growth Ventures and Groupe Arnault.[6] In February 2016 Riskified secured $25 million in a Series B funding[7] round led by Qumra Capital and NTT DOCOMO Ventures. In 2014, Riskified secured $4 million in a Series A funding[8] round led by Genesis Partners and joined by notable investors, including Entree Capital and Founder Collective. Riskified secured $1.7 million in seed funding in 2012 from Genesis Partners.[9]

Technology[edit]

Riskified’s technology uses behavioral analysis, elastic linking, proxy detection, and machine learning to detect and prevent fraud.[10] Riskified backs transactions approved by its technology with a chargeback 100% money-back guarantee in the event of fraud.[11]

Awards[edit]

Riskified won the 2016 METAward (MRC Emerging Technology Awards) for Spektra, an innovative behavioral model approach that uses new machine-learning algorithms to detect and avoid fraud. [12]


References[edit]

  1. Schulz. "No Contest". National Retail Federation. Retrieved 2015-12-22.
  2. "Riskified raises $33 million from Pitango Growth, Capital One Growth Ventures". 2017-06-27. Retrieved 2017-06-27.
  3. 3.0 3.1 Safdar, Khadeeja (April 9, 2018). "Why Paying for Fast Shipping Could Get You Flagged as a Fraudster". WSJ.com. The Dow Jones Company. Retrieved 27 August 2018. Tel Aviv-based startup called Riskified works with Macy’s and Finish Line
  4. "WSJ | The Daily Startup: Riskified Raises $4M to Fight E-Commerce Fraud". Wall Street Journal. Retrieved 2015-12-22.
  5. Noto, Anthony (June 27, 2017). "Riskified raises $33 million from Pitango Growth, Capital One Growth Ventures". New York Business Journal. American City Business Journals. Retrieved 4 February 2019.
  6. Irrera, Anna (June 27, 2017). "Capital One, Groupe Arnault back e-commerce fraud preventer Riskified". Reuters.com. Thompson Reuters. Retrieved 4 February 2019.
  7. "Funding Daily: Riskified nabs $25 million to fight ecommerce fraud". 2016-02-10. Retrieved 2016-02-10.
  8. "The Daily Startup: Riskified Raises $4M to Fight E-Commerce Fraud". 2014-08-19. Retrieved 2015-12-22.
  9. "Riskified secures USD 1.65 mln in funding round". www.thepaypers.com. The Paypers. Retrieved 2015-12-22.
  10. "Daily API RoundUp: Qualys, Riskified, ESPN SDKs". ProgrammableWeb. Retrieved 2015-12-22.
  11. Stambor, Zak. "Payment security vendor Riskified's new tool comes with a money-back guarantee". Retrieved 2015-12-22.
  12. "2016 METAward Winners". www.merchantriskcouncil.org. Merchant Risk Council. Retrieved 2016-03-15.


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