Fraud Prevention Company SEON Raises $80 Million in Series C Funding

SEON today announced raising $80 million in Series C funding, bringing the company’s total raised to $187 million, according to SecurityWeek. The round was led by Sixth Street Growth, with additional support from Hearst and previous investors Creandum, Firebolt, and IVP. Founded in 2017, SEON leverages AI to analyse tens of millions of customer interactions daily to detect and block fraud in real time, and operates from offices in Austin, London, Budapest, and Singapore.

The company relies on more than 900 first-party data signals to deliver threat intelligence for multi-layered defenses and provides an API-driven platform used by thousands of organisations, including digital brands and fintech, payments and iGaming firms.

SEON will use the fresh investment to advance its AI and real-time detection capabilities, hire new talent, and scale its presence across the APAC and South American regions, while deepening collaborations to embed its platform with financial institutions and cloud providers. Co-founder and CEO Tamas Kadar said the investment supports tackling the global challenge of fraud losses in digital commerce.