Overview

• SEON closed an $80 million Series C led by Sixth Street Growth with participation from Hearst, Creandum, Firebolt, and IVP, bringing total funding to $187 million.
• Funding will accelerate AI and real-time detection, support hiring, expand operations across APAC and South America, and deepen integrations with banks and major cloud providers.
• The API-first platform analyzes tens of millions of interactions daily using more than 900 first-party signals to power multi-layered defenses with transparent decisioning.
• Clients include Revolut, Plaid, Spotify, Afterpay, and Entain, and the company reports up to a 90% reduction in fraudulent account creation with reduced manual review time.
• UK measures such as the 2023 ‘failure to prevent fraud’ offence and stepped-up signals from the SFO and CPS are increasing compliance pressure, and experts stress that governance, staff training, and human oversight must complement automated detection.