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 of Chief Financial Officer (CFO).