Fraud prevention platform Bureau raises  Mn in Series B round

Risk intelligence platform Bureau has raised $30 million in Series B funding, led by Sorenson Capital. The round also witnessed participation from PayPal Ventures, along with existing investors including Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital, and XYZ Ventures.

The company had previously raised $20.7 million from its existing investors.

The proceeds will be utilized to enhance its product portfolio, bolster talent acquisition, scale its go-to-market team, and expand its geographical reach to empower global financial ecosystems, Bureau said in a press release.

Founded in 2020 by Ranjan R Reddy, Bureau is an AI-powered platform that delivers real-time, contextual fraud prevention across the entire customer lifecycle,…

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