Amsterdam-based ThreatFabric, a cyber fraud startup, announced on Thursday, May 11, that it has raised €11.5M in a Seed round of funding co-led by ABN AMRO Ventures, Motive Ventures, with participation from 10xFounders and 14Peaks capital.
This capital infusion will help ThreatFabric expand its technical capabilities, support its growth and accelerate its international expansion.
A large part of this investment will be used to extend two separate protection layers of ThreatFabric’s Fraud Risk Suite — behaviour-based location intelligence and behavioral biometrics by using advanced AI models that forecast potential fraudsters’ online footprint inside payment journeys.
It consists of the fraudster’s footprint with advanced AI models that include continuous threat modelling of attack paths inside online signup and payment journeys.