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Fraud prevention platform Sift raises $50M at over $1B valuation, eyes acquisitions – TechCrunch

Fraud prevention platform Sift raises $50M at over $1B valuation, eyes acquisitions With the increase of digital transacting over the past year, cybercriminals have been having a field day. In 2020, complaints of suspected internet crime surged by 61%, to 791,790, according to the FBI’s 2020 Internet Crime Report. Those crimes ranging from personal and corporate data breaches to credit card fraud, phishing and identity theft cost victims more than $4.2 billion. For companies like Sift which aims to predict and prevent fraud online even more quickly than cybercriminals adopt new tactics that increase in crime also led to an increase in business. Last year, the San Francisco-based company assessed risk on more than $250 billion in transactions, double from what it did in 2019. The company has over several hundred customers, including Twitter, Airbnb, Twilio, DoorDash, Wayfair and McDonald’s, as well a global data network of 70 billion events per month.

(UBER) - SmartHop Hires Uber Alum Liu, Opens New York, Colombia Offices

Share: Following a $12 million funding round announced in February, SmartHop is moving forward quickly with new hires and the expansion of its services. The company, which uses artificial intelligence to deliver smart load recommendations, full-service back-office support and fintech products for small trucking companies, announced the appointment of Amy Liu as chief of staff. Liu is the first employee in the company s new New York City office. SmartHop also announced the opening of an office in Bogota, Colombia. Since the start of the year, Miami-based SmartHop has grown its employee headcount 31%, it said, and expects to double its total headcount by the end of the year.  

SmartHop hires Uber alum Liu, opens New York, Colombia offices

SmartHop hires Uber alum Liu, opens New York, Colombia offices Expansion follows fresh round of funding earlier in 2021 0 104 2 minutes read SmartHop has tapped Amy Liu, formerly of Uber Elevate, as chief of staff and to help build out its New York office. The company also announced the opening of an office in Bogota, Colombia. (Photo: Jim Allen/FreightWaves) Following a $12 million funding round announced in February, SmartHop is moving forward quickly with new hires and expansion of its services. The company, which uses artificial intelligence to deliver smart load recommendations, full-service back-office support and fintech products for small trucking companies, announced the appointment of Amy Liu as chief of staff. Liu is the first employee in the company’s new New York City office.

Sift Raises $50 Million at a Valuation Over $1 Billion and Expands its Executive Leadership Team to Help Companies Fight the Growing Fraud Economy

Home / Top News / Sift Raises $50 Million at a Valuation Over $1 Billion and Expands its Executive Leadership Team to Help Companies Fight the Growing Fraud Economy Sift Raises $50 Million at a Valuation Over $1 Billion and Expands its Executive Leadership Team to Help Companies Fight the Growing Fraud Economy Funding and appointment of Eu-Gene Sung to CFO will fuel product and team expansion to help everyone trust the internet SAN FRANCISCO, April 22, 2021 (GLOBE NEWSWIRE) Sift, the leader in Digital Trust & Safety, today announced a $50 million funding round that values the company at more than $1 billion. The financing was led by global venture capital and private equity firm Insight Partners, with participation from Union Square Ventures and Stripes. The new funding will be used to continue expanding the company’s product portfolio and to scale its product, engineering, and sales teams globally. The company also announced today it has appointed Eu-Gene Sung to the role o

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