Simility lands $17.5 million in Accel-led round

Palo Alto, California-based Simility, a provider of fraud prevention solutions, has raised $17.5 million in funding. Accel led the round with participation from PayPal Inc, The Valley Fund and Trinity Ventures.

Simility raises $17.5M round led by Accel for its fraud-fighting AI

For a bank or a retailer that processes upwards of tens of thousands of transactions a day, spotting fraudulent activity can be tricky to say the least. Simility Inc. wants to help.

Simility raises Rs 113-crore in Accel-led funding round

BENGALURU: Simility, a provider of machine learning–powered adaptive fraud prevention solution, has secured $17.5 million (about Rs 112.6 crore) in Accel-led funding round to fuel its expansion plans.

Fortune Venture Deals

Simility, a Palo Alto, Calif.-based provider of fraud prevention solutions, raised $17.5 million in funding. Accel led the round, and was joined by investors including PayPal Inc, The Valley Fund and Trinity Ventures.

Fraud detection startup Simility raises $17.5 million from Accel, PayPal, others

Simility, which develops a fraud detection platform that uses machine learning, has announced a $17.5 million round of funding led by Accel, with participation from new strategic investor PayPal. Existing investors The Valley Fund and Trinity Ventures also contributed.

Simility Secures $17.5M in Latest Funding as Company Experiences Explosive Growth

Latest Funding Round Led By Accel with Participation from PayPal, Will Expand Global Operations to Meet Industry Demand for Enterprise Fraud Prevention Solution PALO ALTO, Calif. – December 12, 2017 – Simility, provider of a machine learning–powered adaptive fraud prevention…

Simility At SPOT Forum 2017

Swastik Bihani, India Operations Head and VP of Product Management, talks to SPOT about the evolving digital payment industry in India and the technological capabilities required to fight emerging fraud.

Simility Hires Mick Martin as VP of Sales to Drive Business Growth

Industry pro to help meet growing demand from financial services organizations for Simility's fraud management solution Simility, Inc. is proud to announce the appointment of Mick Martin as vice president of sales, North America. Mick, who brings more than 25…

Keep Innovative Fintech Open to Customers, Closed to Fraudsters

Can fintech companies provide frictionless banking experience to their customers? It’s likely, if they can protect their fintech businesses from fraudsters! Our CEO Rahul Pangam explores it further in this CSO article.

Glenn Cobb Joins Simility as VP of Solution Engineering

Simility Expands Team to Support Global Growth Most recently, he was the vice president of solution engineering at CipherCloud. Before that, he worked in the software security space and ran professional services at IronKey. He has also worked at IBM as…