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Sift company logo
Corporation
INTERNET | Internet Software & Services / Monitoring & Security
sift.com

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Founded Year

2011

Stage

Series E | Alive

Total Raised

$156.52M

Valuation

$0000 

Last Raised

$50M | 2 mos ago

About Sift

Sift Science provides real-time machine learning fraud prevention solutions for online businesses across the globe. Its machine learning software automatically learns and detects fraudulent behavioral patterns, alerting businesses before they or their customers are defrauded. Beyond this, the company has also launched a new set of products designed to detect and mitigate additional types of fraud and abuse, including: Account abuse, Content abuse, and Promo abuse.

Sift Headquarter Location

123 Mission Street 20th Floor

San Francisco, California, 94105,

United States

Latest Sift News

Sift to Acquire Chargeback To Provide Merchants Protection Against Payment Fraud

May 27, 2021

May 26, 2021 Sift, a leader in Digital Trust & Safety, has announced that it has signed a definitive agreement to acquire Chargeback, the pioneer in real-time dispute management for merchants. The two companies are coming together as both e-commerce growth  and payment fraud are accelerating, and as the Fraud Economy—the sophisticated and interconnected network of cybercriminals and their methods—has rapidly expanded. With the addition of Chargeback to Sift’s platform, merchants will gain access to a complete solution that addresses risk before, during, and after user transactions. Specifically, the two companies prevent both “true” fraud, which occurs when stolen credentials or payment information is used to make purchases, as well as “friendly” fraud, which occurs when consumers make false chargeback claims to their payment providers (e.g., about undelivered or unsatisfactory merchandise). Additionally, Chargeback’s pre-built connector within the Sift Connect integration hub adds to the rich data from integrations with leading payment service providers (PSPs) already available in the Sift App Gallery. Using Sift with the Chargeback connector provides trust and safety teams with an end-to-end view of transactions from account creation to dispute resolution—enabling them to retain revenue with higher acceptance rates, lower dispute rates, and use Sift as their central nervous system for fighting fraud. “Preventing chargeback fraud is the critical ‘last mile’ of stopping payment fraud entirely,” said Marc Olesen, President & CEO of Sift. “With the addition of Chargeback’s team, technology, and partners, our customers gain a true hub for fighting all types of fraud and abuse while creating a more seamless experience. We’re excited to continue working together as we help our customers implement their Digital Trust & Safety strategies.” “As a longtime Sift partner, we’ve seen how effective full fraud coverage has been for joint customers using Chargeback’s integration with Sift ,” said John Munro, CEO of Chargeback. “Now, as one company, we have an incredible opportunity to provide a single solution to merchants so they grow with less risk.” Author

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Research containing Sift

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Sift in 4 CB Insights research briefs, most recently on May 27, 2021.

Expert Collections containing Sift

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Sift is included in 6 Expert Collections, including Identity Management.

I

Identity Management

156 items

Cybersecurity companies leading in Identity & Access Management with a core product to determine identity, and/or authenticate credentials, and/or authorize appropriate access to digital and/or physical assets.

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

U

Unicorns- Billion Dollar Startups

717 items

A

AI in Fintech

155 items

C

Capital Markets Tech

1,280 items

Companies in the capital markets tech space are providing software and/or services for investment banks, hedge funds, investment managers, and so forth. Companies included use technology across the front, middle, and back-offices and streamline all pre- and post-trade operations.

E

Enterprise SaaS

2,452 items

Software-as-a-service (SaaS) – internet based software offered as a subscription – continues to become the de facto standard for software distribution and consumption. Enterprise SaaS continues to show particular promise, emerging as one of the most well-funded categories. Startu

Sift Patents

Sift has filed 23 patents.

The 3 most popular patent topics include:

  • Computer security
  • Computer network security
  • Social networking services
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/2/2020

6/15/2021

Systems and methods for anomaly detection in automated workflow event decisions in a machine learning-based digital threat mitigation platform

Machine learning, Computer network security, Image processing, Cybercrime, Computer security

Grant

3/20/2011

7/13/1966

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5/11/1963

12/5/2003

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11/20/1991

9/24/2016

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11/27/1988

7/23/2010

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Application Date

12/2/2020

4/29/2019

3/13/2007

5/7/1979

3/16/1973

Grant Date

6/15/2021

11/6/1952

10/13/1993

3/1/1979

1/20/2002

Title

Systems and methods for anomaly detection in automated workflow event decisions in a machine learning-based digital threat mitigation platform

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Related Topics

Machine learning, Computer network security, Image processing, Cybercrime, Computer security

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Status

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Sift Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Sift Rank

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