Cybertonica secures £2m Series A funding from Force Over Mass Capital to expand fraud prevention technology.
Force Over Mass Capital led the Series A round to support product development and team expansion.
Cybertonica develops artificial intelligence platforms that deliver authentication, risk analytics and fraud prevention for payments and financial technology firms. Its technology helps merchants reduce fraud losses while improving conversion rates and user trust.
Cybertonica has secured £2m in Series A funding to develop its risk analytics and fraud prevention technology. The round was led by London investor Force Over Mass Capital, with additional backing from TrueSight Ventures and Springboard.
The capital will be directed towards enhancing the ScreenWiZe behavioural analytics product and strengthening the Anomalytics platform. The firm also plans to expand its London headquarters and technical workforce by half over the coming months.
The transaction builds on previous funding that brings the company's total venture capital raised to £3.5m since inception.
From the founder
"Our vision is to build trust in transaction and increased security for businesses and users,"
Joshua Bower-Saul
CEO and Co-Founder at Cybertonica
Investor perspective
"With its team, products and success to date and the high growth in this sector globally, Cybertonica has enormous potential,"
Filip Coen
Partner, Force Over Mass Capital
Use of funds
- 01Continue product development
- 02Grow the team
Investors
Categories
About the company
Cybertonica
Cybertonica provides risk management and fraud prevention technology for the payments sector.