RedMarlin, a Los Altos, Calif.-based deep learning-powered fraud prevention company protecting the world’s leading brands from counterfeit activity, secured $10M in Series A funding.
The round was led by Thomvest Ventures and Crosslink Capital with participation from Cyber Mentor Fund, Nexxus Venture Partners, and Rain Capital.
The company intends to use the funds to grow engineering and sales teams while also furthering the development of a go-to-market strategy that reaches new customers and industries in need of fraud protection.
Co-founded by Abhishek Dubey and Shashi Prakash, RedMarlin provides a comprehensive platform to allow brands across dozens of industries including retail, healthcare, pharma, cryptocurrency and more, to defend themselves from online scams and account takeovers. Utilizing deep learning and computer vision, the company both provides real-time monitoring and automates detection and immediate takedown of fraudulent sites and products.
The platform integrates into existing systems and detects multiple types of fraud — including counterfeit websites, fraudulent products, emails, and social media.
The company also offers ways for organizations and individual stakeholders to proactively protect themselves from fraudulent activity online via their newest release — CheckPhish.ai — a free, open-source community tool tailored to security researchers and incident responders who are seeking real-time detection on fraudulent links.