San Jose's Signifyd raises $20 million

Signifyd is an e-commerce startup that specializes in fraud protection. They charge e-commerce companies a percentage fee in order to verify that purchases are coming from a legitimate source. Signifyd has protected $5.6 billion worth of transactions so far.

The company has just raised a $20 million Series B round, bringing their total amount of investment to $31 million. It's always great to see San Jose startups getting traction and the funding needed to continue to grow.

Signifyd is headquartered at 2590 North 1st Street.

Source: SVBJ