A company spun out of Cambridge University that uses artificial intelligence to police online fraud is plotting an expansion into the US after raising £6.2m. A fraud detection startup that uses AI technology has successfully raised £6.2m to expand their service to the US. Featurespace is a startup built by Cambridge professor, Bill Fitzgerald, and uses a piece of technology called ARIC to spot suspicious transactions more rapidly from learning about regular and irregular normalities of the user. The company was founded in 2014 with an initial funding round led by venture capital firm Andreessen Horowitz.
A fraud detection startup that uses AI technology has successfully raised £6.2m to expand their service to the US. Featurespace is a startup built by Cambridge professor, Bill Fitzgerald, and uses a piece of technology called ARIC to spot suspicious transactions more rapidly from learning about regular and irregular normalities of the user. The company was founded in 2014 with an initial funding round led by venture capital firm Andreessen Horowitz.