Sift

Enterprise Software

Founded: 2011

Last Round Valuation: $1.84B

Sift is a technology company founded in 2011 and headquartered in San Francisco, CA. The company specializes in digital trust and safety solutions for businesses across various industries. Sift's primary focus is on combating fraud, abuse, and malicious activities that can harm digital operations and reputation. Their Digital Trust & Safety Platform is a comprehensive solution that utilizes machine learning and artificial intelligence to identify and prevent fraudulent activities while ensuring a seamless experience for legitimate users. It aggregates and analyzes vast amounts of data, enabling real-time decision-making to protect digital assets and customers. Sift's platform offers features like fraud prevention, user authentication, content moderation, chargeback prevention, and trust & safety consulting. With a broad customer base including e-commerce platforms, social media networks, gaming companies, and financial institutions, Sift continues to make a significant impact by providing businesses with the tools they need to maintain a secure and trustworthy digital environment.

Sift Overview:

Sift is a technology company that was founded in 2011 and has its headquarters in San Francisco, CA. The company is a leader in the field of digital trust and safety solutions, catering to businesses across diverse industries. Their mission revolves around helping organizations combat fraud, abuse, and other harmful activities that can disrupt digital operations and damage reputations.

At the core of Sift's offerings is their highly acclaimed Digital Trust & Safety Platform. This sophisticated platform integrates cutting-edge machine learning and artificial intelligence technologies to provide businesses with a comprehensive and proactive approach to identifying and preventing fraudulent activities. By analyzing vast amounts of data in real-time, the platform enables businesses to make quick and accurate decisions to protect their digital assets and customers from various threats.

One of the key strengths of Sift's platform is its ability to detect and prevent multiple types of fraud. This includes payment fraud, account takeovers, fake accounts, and content abuse, among others. Sift achieves this by continuously monitoring user behavior, identifying patterns, and detecting anomalies that could indicate fraudulent activities. By blocking malicious activities before they cause harm, businesses can significantly reduce financial losses and safeguard their brand reputation.

The platform also features robust user authentication and identity verification capabilities. By verifying user identities and ensuring legitimate access, Sift helps businesses build trust with their user base while thwarting unauthorized access and suspicious activities.

Sift's AI-powered content moderation capabilities further enhance the user experience by automatically detecting and filtering out inappropriate or harmful content, creating a safe environment for users to engage with digital platforms.

For online merchants, Sift provides chargeback prevention features, enabling them to identify potentially fraudulent transactions and reduce the risk of chargebacks and associated financial losses.

Beyond their technology solutions, Sift offers consulting services to guide businesses in developing and implementing effective trust and safety strategies tailored to their specific needs. This ensures that businesses can adapt to evolving threats and maintain a secure digital environment for their customers.

Sift's impact spans a wide range of industries, with a diverse customer base that includes e-commerce platforms, online marketplaces, social media networks, gaming companies, and financial institutions. By partnering with Sift, these businesses can strengthen their trust and safety defenses, create a positive user experience, and foster long-lasting customer loyalty.

With its dedication to innovation, continuous improvement, and staying ahead of emerging threats, Sift remains at the forefront of the digital trust and safety landscape, making a significant and positive impact in safeguarding digital interactions and transactions for businesses worldwide.

Founders:

  • Brandon Ballinger

  • Jason Tan

Top Investors:

  • Chris Dixon

  • First Round Capital

  • Founder Collective

  • Global Venture Capital

  • Insight Venture Partners

  • Max Levchin

  • Next Coast Ventures

  • Primo Ventures

  • Rich Barton

  • Spark Capital

  • Stripes Group

  • Union Square Ventures

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Sep 2021 Series E-1 $25MM $194.58MM $25.91 $1.84B Next Coast Ventures, Primo Ventures
Apr 2021 Series E $63MM $169.58MM $18.01 $1.28B Global Venture Capital, Insight Partners, Union Square Ventures
Mar 2018 Series D $53MM $106.58MM $6.64 $578.04MM Stripes Group, Union Square Ventures, Insight Venture Partners
Jul 2016 Series C $30MM $53.59MM $2.99 $236.43MM Insight Venture Partners, Union Square Ventures, Spark Capital
May 2014 Series B $18MM $23.59MM $2.83 $195.4MM Spark Capital, Union Square Ventures, Max Levchin
Mar 2013 Series A $5.59MM $5.59MM $0.92 $57.85MM Union Square Ventures, Founder Collective, R

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