Sift — a Transaction Security Solution of the Year
With another $50 million investment round, Sift has been valued at over $1 billion and continues to overgrow. Later, in May 2021, Sift acquired a startup Chargeback specializing in dispute resolution for card payments. Sift has been named Transaction Security Solution of the Year by the Cybersecurity Breakthrough Awards, a prestigious international awards program that recognizes outstanding information security products and companies.
Sift's work mode
The Sift team already has 20 engineers and plans to double that number over the next year. The company provides all of its employees the ability to work remotely until the COVID-19 restrictions are lifted and plans to continue to adhere to its flexible teleworking policy even after those restrictions are lifted.
What Sift does and how it started
Founded in 2011, Sift offers a trust and safety suite created to secure businesses at scale and support growth. Sift's suite is designed to stop account takeovers, payment fraud and scam content from destroying a brand's identity. The company has a core mission of creating an internet that everyone can trust. It claims to have done for more than a decade by adapting its real-time machine learnings technology faster than fraudsters can adopt new strategies.
Sift is a Digital Trust & Safety leader, enabling Fortune 500 digital innovators to generate new revenue without risk. Sift dynamically prevents fraud and misuse through cutting-edge technology and expertise, an innovative global data network with $70 billion recent events every month and long-term partnerships with its customers. International brands such as Doordash, Uphold and Remitly rely on Sift to gain a competitive edge in their markets, with over 34.000 customers worldwide.