Riskified is a technology company.
Riskified has raised $234.0M across 5 funding rounds.
Riskified has raised $234.0M in total across 5 funding rounds.
Riskified has raised $234.0M in total across 5 funding rounds.
Riskified's investors include ACME Capital, BoxGroup, Collaborative Seed & Growth Partners, CRV, Entrée Capital Ventures, Founder Collective, Founders Circle Capital, General Atlantic, Menlo Ventures, Owl Rock Capital Partners, Pillar VC, Sherpa Ventures.
Riskified is a SaaS technology company specializing in AI-powered fraud prevention and chargeback protection for enterprise eCommerce merchants. It builds an automated decisioning platform that analyzes hundreds of data attributes in real-time to approve legitimate orders while blocking fraud, offering merchants a chargeback guarantee, higher approval rates (4-8 percentage points), and pay-for-performance pricing to maximize revenue and reduce manual reviews.[1][2][3][5] Serving global leaders like Macy’s, Wayfair, Prada, GrubHub, and DoorDash across 180+ countries, Riskified solves the core problem of eCommerce fraud—such as card-not-present scams, account takeovers, and organized fraud rings—by leveraging machine learning, deep learning, and a vast merchant network of over a billion historical transactions, enabling frictionless checkouts and 594% ROI potential per Forrester analysis.[2][4][5]
Publicly traded on the NYSE since 2021, Riskified demonstrates strong growth momentum through scalable tech integrations (e.g., Aerospike for real-time data) and expansions into policy abuse prevention and payment failure mitigation, consistently outperforming competitors 2-3x in fraud detection pilots.[2][4][5]
Riskified was founded in 2012 (or 2013 per some records) by Eido Gal and Assaf Feldman in Israel, driven by the need for a tech-forward solution amid rising eCommerce fraud as online shopping transformed traditional retail.[3][4][6] Gal, the CEO, and Feldman, the CTO with two decades in machine learning (including MIT Media Lab research), spotted gaps in legacy fraud tools and pioneered AI applications like deep learning—first used for fraud like in autonomous cars—to deliver precise, real-time decisions.[1][3]
Early traction came from building proprietary models trained on merchant data, a "storefront beacon" for behavioral analytics, and elastic linking across its ecosystem, quickly attracting enterprise clients and evolving from fraud prevention to a full risk intelligence suite protecting against chargebacks, abuse, and more.[1][3] Pivotal moments include NYSE listing and partnerships yielding measurable wins, like 20% fewer manual reviews for clients.[4][5]
Riskified rides the explosive growth of eCommerce, where fraud losses exceed billions annually amid rising digital payments, mobile shopping, and sophisticated attacks like account takeovers—trends accelerated by post-pandemic shifts.[3][5] Its timing is ideal: as merchants scale omnichannel operations, traditional rules-based systems falter, but Riskified's AI-first approach (pioneering deep learning in fraud) aligns with big data and ML maturation, enabling 4-8% approval lifts that directly fuel revenue in a high-margin sector.[1][2][3]
Market forces like regulatory pressures on payments, demand for frictionless UX, and AI adoption favor it, influencing the ecosystem by setting standards for accountable fraud tools—empowering retailers to expand globally without risk overhang and inspiring AI integrations in fintech.[4][5]
Riskified is poised to dominate eCommerce risk management as AI evolves, potentially expanding into adjacent areas like payment optimization and abuse prevention amid rising global transaction volumes. Trends like generative AI for threat prediction, real-time data lakes, and embedded finance will shape its path, amplifying network effects from its merchant base. Its influence may grow via deeper enterprise integrations and international scaling, solidifying its role as the go-to for revenue-unlocking fraud defense in a safer digital economy—echoing its founding mission to outsmart risk and unleash growth.[2][3][5]
Riskified has raised $234.0M across 5 funding rounds. Most recently, it raised $170.0M Series E in November 2019.