Stripes leads Sift's $53 million Series D
Sift (then Sift Science), a San Francisco-based fraud prevention company using real-time machine learning, announced on March 21, 2018 a $53 million Series D round led by Stripes Group (now Stripes). Prior investors Union Square Ventures, Insight Venture Partners and Spark Capital also took part, bringing Sift's total funding to $107 million.
Sift's Digital Trust Platform addresses payment fraud, fake accounts, account takeover, content abuse and promo fraud, scoring users in real time using a shared data network across its customers. At the time more than 6,000 sites and apps relied on it, including Twitter, Airbnb, Yelp, Shutterstock, Indeed and Wayfair. Since its Series C two years earlier, Sift said its enterprise customer base had grown 10x and revenue more than 4x, and it planned to use the capital to deepen its technology and expand globally. Stripes lists Sift as a current portfolio company.
Sift, "Moving at the Speed of Trust: Our $53M Series D", March 21, 2018
