A fraud detection startup that uses AI technology has successfully raised £ 6.2 m to expand their service to the US . Featurespace is a startup built by Cambridge student , James Fitzgerald , and uses a piece of software called ARIC to spot suspicious transactions more rapidly from learning about regular and irregular normalities of the user . Featurespace’s technology, ARIC, is able to spot suspicious transactions more accurately. The expansion comes after the company have signed with several major companies in the US .
A fraud detection startup that uses AI technology has successfully raised £ 6.2 m to expand their service to the US . Featurespace is a startup built by Cambridge student , James Fitzgerald , and uses a piece of software called ARIC to spot suspicious transactions more rapidly from learning about regular and irregular normalities of the user . The expansion comes after the company have signed with several major companies in the US .