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Deep Labs Announces $16 Million Investment to Drive Next Phase of Growth

May 14, 2020•over 5 years ago

Amount Raised

$16 Million

San Francisco

Description

Deep Labs Inc., a leader in artificial intelligence and the creator of patented persona-based, context-aware decisioning and risk systems, today announced that it has closed the initial tranche of a $16 million commitment from a group of leading financial technology investors.

Company Information

Company

Deep Labs Inc.

Location

San Francisco, California, United States

About

Founded in 2016 by a team of experienced payments and signals intelligence experts, Deep Labs is powered by its patented platform leveraging persona-based dynamic adaptive risk and propensity profiles to address a range of risk, fraud, and user engagement use cases across the entire banking and financial technology ecosystem, including authentication and authorization, account takeover, AML, false declines to credit applications, account onboarding, marketing decisioning, and identity verification for two-sided marketplaces. Deep Labs' unique persona-based artificial intelligence enables businesses to solve complex problems and continuously assess risk in real time. The result is reduced fraud and identity theft, optimized customer experience, and better business decisions leading to revenue growth, reduced cost, and more intelligent predictive decisions for end customers. Deep Labs was named Company of the Year in 2019 in the Golden Bridge Awards® Artificial Intelligence Category.

FundzWatch™ Score

Medium Activity

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech