BlockFraud Finds $5M For Anti-Fraud Software

Santa Monica-based BlockFraud, a developer of machine learning and artificial intelligence software used for detecting mobile fraud, has reportedly raised $5M in a Series A funding, the company disclosed on Wednesday. The company said the funding was led by Palisades Venture Capital (editor's note: apparently, a different investor than Palisades Growth Capital). BlockFraud is led by CEO Massimo Cristini. More information »