Darwinium Secures $18 Million to Boost Global Adoption of its Digital Security Platform

Published 7 months ago

Darwinium, a next-generation digital security firm, has raised $18 million in Series A funding. The round was led by U.S. Venture Partners (USVP), with participation from seed investors Blackbird, Airtree Ventures, and Accomplice. This funding increases Darwinium’s total investment to $26 million, enabling it to expand its edge-based solution globally.

A Solution to Online Fraud Detection

Online fraud has become increasingly complex and hard to detect, particularly with the exploitation of AI-tooling by adversaries. In response to this, businesses have deployed multiple point solutions throughout the customer journey, inadvertently creating information siloes that favor fraudsters.

According to the 2022 Gartner® Market Guide for Online Fraud Detection, detecting fraud in digital channels poses a significant challenge due to the need to balance emerging attack vectors with a smooth user experience.

Darwinium aims to address these issues with two key innovations. Firstly, it shifts fraud detection processes to the customer’s network perimeter to provide a holistic view of their customers’ online experience across every digital touchpoint. Secondly, it pioneers a SaaS-based approach to data protection, integrating strong, strategic data security into its unique edge-based approach.

Disrupting the API-dominated Market

Darwinium offers a different approach from the API-based products that dominate the market. By shifting detection processes to the edge, Darwinium can provide a continuous view of user behavior with flexible journey-time orchestration. This approach allows businesses to make real-time decisions and dynamically tailor customer journeys according to trust and risk.

Additionally, Darwinium’s platform integrates with third-party services to enrich risk decisions with additional intelligence. It also employs a SaaS-based approach to managing sensitive customer data identities, encrypting and anonymizing data on the edge to protect user privacy and ensure compliance with regulations.

Aiming to Protect Every Customer

Co-founder and CEO of Darwinium, Alisdair Faulkner, stated that Darwinium was designed to offer the visibility and coverage of a security tool, the context and insight of fraud solutions, and the agility of AI. The platform aims to safeguard organizations against the most complex attacks.

Darwinium’s solution has already been adopted worldwide by leading companies across its key verticals. It has also been recognized as a Representative Vendor for Online Fraud Detection in the 2022 Gartner® Market Guide for Online Fraud Detection and a Representative Vendor with emerging orchestration capabilities in the 2022 Gartner Innovation Insight: Journey Time Orchestration Mitigates Fraud Risk and Delivers Better UX report.

About Darwinium and U.S. Venture Partners

Darwinium is a front-runner in continuous customer protection. Its unique approach takes security and fraud prevention to the edge, offering complete visibility and control of every digital interaction to separate good and bad behavior in real-time.

U.S. Venture Partners (USVP) is a leading Silicon Valley venture capital firm that has invested in over 500 companies spanning four decades, including Arkose Labs, Box, Carrot Fertility, Cato Networks, Check Point Software, Guidewire, Happy Returns, HeartFlow, HotelTonight, Human Interest, Imperva, Inari Medical, Inspire Medical Systems, Intersect ENT, Kenna, Medigate, Omada Health, Pluto TV, Standard Bariatrics, ThreatMetrix, Trunk Club, Trusteer, Yammer, and Zerto.

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