FiVerity, Inc., a Boston MA-based provider of cyber fraud detection and threat intelligence, closed a $2m round of financing.
The round was led by Mendoza Ventures and super angels from the cybersecurity and financial services industries, including serial entrepreneur Doug Levin, who has been appointed as the company’s Executive Chairman.
The company will use the funds to expand its products and ramp up sales and marketing efforts.
Led by Greg Woolf, founder and CEO, FiVerity is a provider of a cyber fraud detection and threat intelligence platform, which addresses growing types of cyber fraud for financial institutions. The machine-learning platform detects and prevents new and existing types of fraud more effectively than current alternatives at banks, credit unions, credit card providers and other financial institutions.