Central regions | Finance, business | Technology & innovation

Start-up that counters fraudsters with AI raises British investment

3 Feb '20
A Russian start-up called Cybertonica raised £2m from Force Over Mass Capital, a London-based VC fund that led this investment round in a consortium which also included TrueSight Ventures and Springboard, Firrma.ru reported. The start-up is a resident of the IT Cluster at Moscows Skolkovo Foundation.

Cybertonica helps its customers put together a comprehensive fraud monitoring process, reducing risks while improving conversion funnels. At the heart of the solution is a combination of adaptive authentication and transaction analysis technologies based on machine learning and artificial intelligence.

The start-up is marketing its services to large Internet retailers, mobile communications operators and neobanking operators across Russia, the U.S., and Europe.

Cybertonica wants to use the new investment to boost the functionality of its ScreenWiZe product by adding behavioral analytics, and to enhance artificial intelligence in its Anomalytics platform. The management has announced plans to increase by 50% the companys technology and research teams in the next few months to improve the quality of services and step up revenue.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: artificial intelligence (30) / fraud monitoring (0) / Force Over Mass Capital (0) / Cybertonica (0) /

Latest News: Central regions
8 Apr '20 | Technology & innovation
8 Apr '20 | Technology & innovation
7 Apr '20 | Technology & innovation
 

Feature stories

5 Apr '20
To extend the service life of medical fabric masksan...
26 Feb '20
A Russian developer has come up with its own...
25 Dec '19
Scientists in Siberia have come up with their own...
Search (News archive - 21878)

World of the Future, World of AI

Advertising
Venture_Russia_2019_eng
Advertising
NATT
Advertising
Marchmont News

Latest News

8 Apr '20
The pre-installation of Russian software on imported...
7 Apr '20
SMEs in Russia may look forward to various deferments...
6 Apr '20
A Russian company called Intellogic has developed a...

Most read stories from last week

5 Apr '20
To extend the service life of medical fabric masksan...
5 Apr '20
Researchers at the Lobachevsky University in Nizhny...
5 Apr '20
Lets take a look today at a couple of interesting...