USA – Deep Labs Inc., a San Francisco, CA-based artificial intelligence and the creator of patented persona-based, context-aware decisioning and risk systems, closed the initial tranche of a $16m funding round.
The round was led by Gunnar Overstrom, Partner at Corsair Capital, Serendipity Capital and Gramercy Ventures. In connection with the investment, Overstrom and the Founding Partner of Serendipity Capital, Robert Jesudason, have joined the Board of Directors. Founded in 2016 by Chief Executive Officer Dr. Scott Edington, Deep Labs deploys a suite of proprietary solutions for transaction authentication and authorization. The company leverages persona-based intelligence to improve businesses’ ability to integrate customer behavior into their operations, increasing authentication accuracy and reducing susceptibility to cybercrime to address a range of risk, fraud, and user engagement use cases across the entire banking and financial technology ecosystem, including authentication and authorization, account takeover, AML, false declines to credit applications, account onboarding, marketing decisioning, and identity verification for two-sided marketplaces. Early customers include global payments networks Visa and American Express, authentication leaders such as Clear, and the U.S. Government. Mastercard, NICE Actimize, Booz Allen Hamilton, and General Dynamics Information Technology are among the company’s partners. 15/05/2020
