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Data Sutram Raises $9 Million in Series A Funding Led by B Capital and Lightspeed to Expand AI-Powered Fraud Detection Platform

  • Data Sutram, a regulatory technology startup, has raised $9 million in Series A funding co-led by B Capital and Lightspeed to expand its AI-powered fraud detection platform.
  • The Mumbai-based startup plans to use the funding to scale internationally and enhance fraud detection capabilities in sectors like insurance, gaming, and cryptocurrency.
  • Founded in 2019, Data Sutram utilizes alternative data and AI to help financial institutions detect fraud and ensure compliance with a proprietary 'Trust Score'.
  • The company's platform processes over 110 million identities, providing real-time insights to detect risks such as synthetic identities, collusion, and identity theft.

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