Israeli 63m Warburg Pincus Viola
Israel has always been a powerhouse in the tech industry, producing some of the biggest and most successful startups in the world. But it’s not just the startups that are making waves in Israel – the country’s VC scene is also thriving, with a number of top-tier firms investing in Israeli startups.
One of those firms is Warburg Pincus, a leading global private equity firm that has been investing in Israel for over 20 years. In that time, the firm has made a number of high-profile investments, including in companies such as Wix, Gett, and appannie.
Now, Warburg Pincus is back in the headlines with a new $63 million investment inIsraeli startup Sift Science. The round was co-led by Accel Partners, with participation from a number of other top VC firms, including New Enterprise Associates (NEA) and Dawn Capital.
Sift Science is a fraud detection and prevention platform that uses machine learning to help businesses stop fraudsters in their tracks. The startup was founded in 2011 by a team of data scientists and engineers from Google, Facebook, and Twitter, and it has now raised a total of $107 million.
The new funding will be used to help Sift Science scale its business and expand into new markets. The company is already used by a number of high-profile customers, including Airbnb, Pinterest, and Uber, and it is well on its way to becoming the go-to fraud detection solution for businesses of all sizes.
With Warburg Pincus on board, Sift Science is well positioned to take the fight to fraudsters on a global scale.
Israel’s VC scene
Israel has always been a hotbed for startup activity, with a number of world-famous companies, such as Waze and Viber, coming out of the country.
But in recent years, Israel’s VC scene has really started to take off, with a number of top-tier firms investing in the country’s vast pool of startups.
According to data from PitchBook, Israeli startups raised a total of $5.85 billion in VC funding in 2018, more than double the amount raised in 2017. And 2019 is on track to be another record year, with Israeli startups already raising $5.3 billion in the first three quarters of the year.
One of the firms at the forefront of Israel’s VC scene is Warburg Pincus, which has been investing in the country for over 20 years.
In that time, Warburg Pincus has made a number of high-profile investments, including in companies such as Wix, Gett, and appannie.
Now, the firm is back in the headlines with a new $63 million investment in Israeli startup Sift Science.
Sift Science
Sift Science is a fraud detection and prevention platform that uses machine learning to help businesses stop fraudsters in their tracks.
The startup was founded in 2011 by a team of data scientists and engineers from Google, Facebook, and Twitter, and it has now raised a total of $107 million.
Sift Science’s platform is used by a number of high-profile customers, including Airbnb, Pinterest, and Uber, and the company is well on its way to becoming the go-to fraud detection solution for businesses of all sizes.
With Warburg Pincus on board, Sift Science is well positioned to take the fight to fraudsters on a global scale.
Related FAQs
- What is Warburg Pincus?
Warburg Pincus is a leading global private equity firm that has been investing in Israel for over 20 years. In that time, the firm has made a number of high-profile investments, including in companies such as Wix, Gett, and appannie.
- What is Sift Science?
Sift Science is a fraud detection and prevention platform that uses machine learning to help businesses stop fraudsters in their tracks. The startup was founded in 2011 by a team of data scientists and engineers from Google, Facebook, and Twitter, and it has now raised a total of $107 million.
- How much money has Sift Science raised?
Sift Science has raised a total of $107 million, with its latest round of funding coming in at $63 million.
- Who are some of Sift Science’s customers?
Some of Sift Science’s customers include Airbnb, Pinterest, and Uber.
- What is mdclone 63m warburg pincus viola?
MDClone is an Israeli startup that is developing a platform that uses machine learning to help businesses automate the process of medical diagnosis. The company has raised a total of $63 million, with its latest round of funding coming from Warburg Pincus and Viola Ventures.
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