deepidv expands AI fraud detection to SF
Toronto-based deepidv closed a $1M seed round and is expanding to San Francisco with its AI fraud detection suite, targeting North American enterprise customers announced.
The funding round was led by Toronto-based Round13 Capital, with participation from other angel investors. The investment will fuel deepidv's expansion into the US market and further development of its AI-powered fraud detection suite. deepidv's AI suite analyzes various data points to identify and prevent fraudulent activities in real-time, including identity theft and payment fraud. Their expansion comes as North American businesses face increasing threats from sophisticated fraud schemes. The company's move to San Francisco positions them in a key hub for technology and innovation, allowing them to tap into a larger pool of talent and potential customers. This strategic location will help deepidv compete with established players in the fraud detection space and build partnerships with other tech companies.
