New Funding Accelerates Global Go-To-Market Strategy and Scales Platform
Mountain View, CA December 14, 2022–(BUSINESS WIRE)–Datavisor, a US company and a global leader in online fraud detection and risk management software for financial services and digital commerce, today announced that Brighton Park Capital ( “Brighton Park”) is an investment firm that specializes in working with software, healthcare and technology-enabled services businesses. All major existing investors also participated, including NewView Capital and GSR Ventures. The new capital will accelerate DataVisor’s global go-to-market strategy and drive significant further expansion.
DataVisor’s Fraud and Risk Platform, founded by Dr. Yinglian Xie and Dr. Fang Yu, who met while working on large-scale distributed systems at Microsoft, applies both business-specific rules and machine learning models to to proactively identify fraud patterns and possibilities. Vulnerable areas with high detection accuracy. Unlike signals or single-use-case point solutions, DataVisor’s holistic platform approach addresses risk at every touchpoint in the customer journey, helping fraud leaders, business users, and data analysts across the organization Helps dramatically reduce fraud and friction. DataVisor rapidly expands its diverse customer base to include many Fortune 500 financial services and e-commerce organizations around the world, including DCI, NASA Federal Credit Union, Neo Financial, Galileo Financial Technologies, Air Asia, and 2022 ARR has grown threefold.
DataVisor CEO and co-founder Yinglian Xie said: “Today’s businesses need access to advanced technology to combat these sophisticated fraudsters and to do so in a cost-effective manner. DataVisor’s platform approach enables organizations to effectively and Adopt a cutting-edge fraud management solution that is efficient and provides immediate ROI.”
“Since founding DataVisor in 2013, our team has been passionate about developing a best-in-class platform that meets the holistic and comprehensive needs of our customers around the world,” said Xie. Partnering with Brighton Park now is a strong market strategy, which is why Brighton Park’s team of investment professionals not only have enterprise SaaS and Fintech expertise, but also extensive industry connections and He has deep experience in executing B2B and go-to-market strategies.”
“As online financial services proliferate, fraud is increasing in frequency, scale and success rate. AI-based fraud detection tools weren’t built for enterprise scale,” said Tim Drager, principal at Brighton Park. “Yinglian and Fang have applied their world-class expertise in large-scale AI systems to build a leading enterprise fraud and risk platform that addresses the sophistication and scale of these attacks. A team that will help us address this growing global problem and accelerate our company’s growth.”
This investment is the latest in a year of significant milestones for DataVisor. Learn more about DataVisor’s significant product growth and enhancements achieved in 2022 here.
The addition of DataVisor builds on Brighton Park’s active cybersecurity portfolio, which currently includes Darktrace, Coralogix, and OPSWAT.
DataVisor is the world’s leading fraud and risk management platform, enabling organizations to respond to rapidly evolving fraud attacks and mitigate risk in real time. Its comprehensive suite of solutions combines patented machine learning technology with native device intelligence and powerful decision engines to protect the entire customer lifecycle across industries and use cases. DataVisor is a recognized industry leader and is used by many Fortune 500 companies around the world.
About Brighton Park Capital
Brighton Park is a Greenwich, Connecticut-based investment firm that specializes in software, healthcare, and technology-enabled services. The company invests in companies that work with great management teams to deliver highly innovative solutions. Brighton Park offers purpose-built value-added capabilities to fit each company’s unique requirements. For more information on Brighton Park, please visit www.bpc.com.
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Julie Rudnick / Elizabeth Lake