Automated anti-fraud platform Resistant AI has reportedly scored $2.75m in its seed round to support product development.
The investment was co-led by Index Ventures and Credo Ventures, with additional contributions coming from UiPath CEO Daniel Dines, Avast CTO Michal Pechoucek and other angel backers, according to a report from TechCrunch.
Capital from the round will be used to scale the sales efforts to meet rising demands, and to deepen its platform.
The cybersecurity company claims to automate decisions against evolving online fraud attempts by leveraging AI technology to connect dots. Based in the Czech Republic, the company offers its tools to the insurance, banking, non-banking financial institutions and e-commerce industry.
One of its solutions is a document forgery detection service which automatically assess documents such as KYC documents, bank statements, payroll slips an invoices and whether they have been forged or altered.
Resistant AI also protects online credit scoring, fraud detection and AML systems from manipulation and circumnavigation.
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