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 .
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 expansion comes after the company have signed with two major companies in the US.