US VC leads m raise for Featurespace

American VC firm TTV Capital has led a $9 million round for Cambridge technology business Featurespace that will fund global expansion. It is the specialist FinTech investor’s first foray into mainland UK. Featurespace is a global leader in machine learning fraud prevention using adaptive behavioural analytics spun out of Cambridge University. Imperial Innovations, Nesta, Cambridge Angels and Cambridge Capital Group have also participated in the round. The additional funding will enable Featurespace to continue to establish itself as a global provider of machine learning fraud protection to the financial services and gaming sectors. Clients already include Vocalink/Zapp and CallCredit in financial services as well as Betfair, William Hill and Camelot. Earlier this month Wall Street-quoted  global payments company TSYS – the largest third-party processor of Visa and MasterCard credit cards…

Link to Full Article: US VC leads m raise for Featurespace

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