Sequoia China has led a US$40 million series C round in Mountain View-based artificial intelligence-powered fraud detection solution provider DataVisor, according to an announcement. Existing investors New Enterprise Associates and GSR Ventures also participated in the round. Founded in 2013 by former Microsoft senior researchers Yinglian Xie and Fang Yu, DataVisor is a fraud detection solution provider utilizing machine learning to identify fraudulent transactions, spam and abuse, identity theft, application fraud, insider abuse and money laundering. “Online fraud is on …

Sequoia China Leads $40M Series C Round In US Fraud Detection Solution Provider DataVisor appeared first on China Money Network.