Riskified’s technology uses behavioral analysis, elastic linking, proxy detection, and machine learning to detect and prevent fraud.[3] Riskified backs transactions approved by its technology with a chargeback 100% money-back guarantee in the event of fraud.[4]
Riskified was founded in 2012 by Eido Gal and Assaf Feldman.[5] As of 2018, Riskified secured $63.7 million in funding.[6] In November 2019, Riskified announced a Series E funding round of $165 million, led by General Atlantic and joined by Fidelity Management & Research, Winslow Capital, and existing investors.[7][8]
On July 28, 2021, Riskified launched its initial public offering on the NYSE, valuing the company at $4.3 billion.[9]
