What is CashShield?
SHIELD AI Technologies, operating as CashShield, is at the forefront of device-first fraud intelligence. The company provides businesses with robust solutions to combat a spectrum of fraud types, including account takeovers and payment fraud. By leveraging persistent device fingerprinting, CashShield offers enhanced security and real-time intelligence to clients in e-commerce, digital banking, and gaming. Their AI-powered technology is designed to help organizations in sectors like ride-hailing, social media networking, and media streaming effectively tackle fraud while ensuring a seamless user experience, thereby fostering trust and driving growth.
How much funding has CashShield raised?
CashShield has raised a total of $25.5M across 2 funding rounds:
Series A
$5.5M
Series B
$20M
Series A (2017): $5.5M with participation from Razer Inc., Stream Global, GGV Capital, and Heliconia Capital Management
Series B (2018): $20M led by GGV Capital, Tao Zhang, Wavemaker Partners, Tony Fadell, and Temasek
Key Investors in CashShield
GGV Capital
GGV Capital is a global venture firm that invests in seed-to-growth stage companies across Social/Internet, Enterprise Tech, and Smart Tech sectors. They have a significant track record of backing innovative companies worldwide.
Temasek
Temasek is a global investment company headquartered in Singapore, focused on making a difference with a long-term, generational investment approach.
Wavemaker Partners
Wavemaker Partners is an early-stage venture capital firm in Southeast Asia, specializing in Enterprise, Deep Tech, and Sustainability startups, aiming to empower innovative solutions.
What's next for CashShield?
With substantial backing and a recent strategic investment, CashShield is poised for significant growth and innovation. The company's focus on advanced AI and device intelligence positions it to address the evolving landscape of online fraud. Future developments are likely to include further refinement of its fraud detection algorithms, expansion into new markets, and strengthening partnerships within the digital economy. This capital infusion will be instrumental in scaling operations, enhancing product offerings, and solidifying its market leadership in fraud prevention.
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