The Cybersecurity company Fraud0.com uses artificial intelligence to detect fraud attempts, for example, in online advertising, e-commerce, and the travel and insurance industries. The startup has now attracted numerous investors with this concept. The investment round, led by Signals Venture Capital, includes Daniel Johannsen (co-founder of Usercentrics), OMR X, Sven Rittau (CEO of K5 and co-founder of Zooplus), Alexander Gösswein (former Criteo manager for Europe), and Snowplow managers Christian Lubasch and Yali Sassoon.
Fraud0.com plans to use the fresh capital to develop new products for Cybersecurity to develop, expand its services to new markets and consolidate its position as a leader in the fight against fraudulent activities on the Internet.
Daniel Kirchleitner, General Partner at Signals Venture Capital, commented:
"Fraud0.com is a true game changer for many areas of the internet. We're truly impressed by the team's speed and resource-efficient performance. The software is poised to revolutionize the web in several areas."
The startup analyzes over 4,000 data points, such as connection speed, mouse movements, and user behavior. It also uses JavaScript challenges, so-called honeypots, behavioral analysis, and other cybersecurity techniques to determine whether a human is behind the screen or whether software is simply pretending to be human. Founded in 2021, the company's customers already include brands such as Aboutyou, Apollo Optik, and Ulla Popken.
Fraud0.com: Leading fraud expert as partner
In parallel with the funding, Fraud0.com officially announces a close partnership with Dr. Augustine Fou, a fraud expert and researcher who received his PhD from MIT at the age of 23. Dr. Fou has authored over 1,500 academic articles on cybersecurity, developed proprietary technology, and works with leading global brands to protect them from the effects of fake traffic.
Tilman Pfeiffer and Daniel Distler, the managing directors of Fraud0.com, explain:
"We are very proud and honored to have Dr. Fou on board. He is one of the greatest, if not the greatest, experts in the field of digital fraud detection. Together, we will provide every advertiser with the best technology at an affordable price."
