VU Security raises $11.76M for fraud prevention

LatamListVU Security, an Argentine startup, raised a $11.76M (R$60M) Series B funding round. Globant, BID Lab, Telefónica, Agrega Partners, NXTP Ventures and Bridge One all participated in the round.

VU security provides secure identity verification and fraud prevention technology for companies. The platform incorporates traditional cybersecurity methods with geolocation, biometrics, and machine learning to verify credentials online.

The startup will use the new funding to expand operations globally and to support its official launch into Brazil.

“We are proud to announce our new Brazilian partner Bridge One as we consolidate our presence in the country,” said Sebastian Stranieri, CEO of VU Security.

Read more on StartUpi.

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