SHIELD Secures $2.1 Million in Pre-Seed Funding to Combat Fraud in Digital Businesses

We are thrilled to announce that SHIELD, a leading device-first risk AI platform dedicated to combating digital fraud, has successfully raised $2.1 million in a new funding round. This significant capital infusion will bolster our innovative capabilities in developing cutting-edge solutions that identify and eliminate fake accounts and fraudulent activities for digital businesses globally. With our unique SHIELD Device ID and actionable risk intelligence, we empower our partners, including esteemed global unicorns like inDrive, Alibaba, Swiggy, Meesho, and TrueMoney, to stay ahead of emerging fraud threats. The new funding will be instrumental in expanding our research and development initiatives, enhancing our fraud detection algorithms, and scaling our global operations, which currently span across major cities in San Francisco, Miami, London, Berlin, Jakarta, Bengaluru, Beijing, and Singapore. As we continue on our mission to eradicate unfair practices in the digital landscape, this investment not only strengthens our position in the market but also reaffirms the confidence our investors have in our vision of enabling trust worldwide. At SHIELD, we are committed to safeguarding digital businesses and their users, ensuring that trust prevails in an increasingly complex online environment. For further information on our offerings and future developments, please visit us at shield.com.