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Bureau, an AI-driven B2B startup, has successfully raised $30 million in Series B funding led by Sorenson Capital, with participation from PayPal Ventures and other existing investors. The funds will be utilized to enhance its product offerings, expand its workforce, particularly in the go-to-market team, and broaden its geographical presence. Founded in 2020, Bureau specializes in real-time digital fraud prevention solutions for various sectors including banking, fintech, and e-commerce.
As cyber fraud escalates, Bureau positions itself as a leader in combating digital threats. The investment from notable firms like Sorenson Capital and PayPal Ventures underscores the effectiveness of Bureau's innovative approach to fraud prevention. The company's advanced solutions include capabilities for detecting money mules, account takeovers, and fraud rings, which are crucial in today's digital landscape.
• Bureau secures $30 million for fraud prevention solutions.
• Investment validates Bureau's innovative approach to combatting cyber fraud.
Bureau's solutions focus on real-time fraud prevention to protect businesses and consumers.
The article highlights the increasing levels of cyber fraud affecting various industries.
The Reserve Bank of India is developing an AI-enabled system for real-time fraud alerts.
Bureau provides AI-driven fraud prevention solutions across multiple sectors, enhancing security measures.
PayPal Ventures invests in Bureau, supporting its mission to combat digital fraud effectively.
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