Early stage venture capital firm Cedar Hill Capital has led a $1.5 million funding round in Gurugram based fraud intelligence and risk management startup Sign3. The investment marks the fund's third bet and its second in AI led enterprise technology.
The round also saw participation from existing investor Smile Group along with backing from angel investors including Rajesh Sawhney of GSF, Dinesh Agarwal of IndiaMart, Anup Agarwal of Kiwi and Vinay Bagri of Niyo.
Founded in 2022, Sign3 builds an AI native customer intelligence platform focused on real time fraud prevention and financial decision making. Its proprietary architecture uses device intelligence, behavioural biometrics and alternative data signals to generate risk insights for financial institutions and marketplaces.
The startup claims that more than 20 banks, fintech firms and marketplaces use its platform to detect money mule accounts, uncover fraud patterns and identify high risk NPA users.
The company plans to use the fresh capital to strengthen its product, enhance AI models, expand go to market efforts and scale its engineering and analytics teams.
Cedar Hill Capital invests in early stage startups that build AI first enterprise technology for the financial services sector.