Bureau, a risk intelligence platform focused on fraud prevention and identity decisioning, has raised $30m in its Series B funding round.
The investment round was led by Sorenson Capital, with participation from PayPal Ventures, and existing backers including Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital, and XYZ Ventures.
Bureau specialises in delivering AI-driven solutions to prevent fraud, ensure compliance, and enhance user experiences. Its platform integrates device intelligence, behavioural AI, identity data, and predictive modelling to tackle challenges like money mule accounts, account takeovers, and synthetic identity fraud. The proprietary Identity Bureau Network houses over half a billion identities and behavioural patterns, enabling real-time fraud detection and risk intelligence throughout the customer lifecycle.
The newly secured funding will be used to expand Bureau’s product capabilities and introduce new use cases. Additionally, the capital will support geographical expansion into new markets, enabling businesses worldwide to leverage its AI-powered fraud prevention technology.
Bureau’s CEO and founder, Ranjan Reddy, stated, “As cyberfraud reaches unprecedented levels, Bureau stands at the forefront of the fight against digital fraud. Money mule accounts, deepfake identities, account takeover, and payment fraud have surged with sophisticated AI-powered tools, impacting every corner of the digital economy. Bureau’s proprietary technology, powered by Graph Neural Networks, neutralizes these threats to the digital economy.”
Bureau’s platform has proven especially valuable for industries such as banking, FinTech, gaming, and e-commerce, which face mounting threats and regulatory pressures. Its advanced Graph Neural Networks technology and tokenised identity architecture provide a unique approach, delivering actionable decisions without sharing consumer data.
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