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In a very short time, Simility has come to be recognized as a thought leader in fraud and risk management. Our customers, who span the spectrum from top fintech innovators to Global Fortune 500 institutions, have validated this view by partnering with us to solve extremely hard problems.

Simility, a Palo Alto, CA-based provider of a machine learning–powered adaptive fraud prevention solution, secured $17.5M in funding.

Simility, a provider of machine learning–powered adaptive fraud prevention solution, today announced it has secured $17.5 million during its latest funding round. PayPal, Inc. also participated in the round as a new strategic investor along with existing investors The Valley Fund and Trinity Ventures. This brings Simility’s funding total to $25 million.

Simility, a Palo Alto, Calif.-based provider of cyber-fraud prevention solutions, has raised $17.5 million in new VC funding. Accel led, and was joined by PayPal and return backers The Valley Fund and Trinity Ventures.

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.

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.

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.

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.

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.

Latest Funding Round Led By Accel with Participation from PayPal, Will Expand Global Operations to Meet Industry Demand for Enterprise Fraud Prevention Solution.
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