As cyber fraud escalates to unprecedented levels, Bureau, a leading risk intelligence platform, has announced its $30 million Series B funding round to combat AI-powered fraud. The round was led by Sorenson Capital with participation from PayPal Ventures and returning investors Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital, and XYZ Ventures.

This funding will drive Bureau’s product innovation and global expansion, enabling businesses to counter the growing sophistication of digital fraud while improving customer trust and security.

For Ranjan Reddy, Bureau’s Founder and CEO, the mission to combat fraud is personal. After falling victim to cyber fraud himself, Reddy launched Bureau to transform how businesses verify identities and detect fraud. Drawing from his experiences with Qubecell and Boku Identity, Reddy explained: “Who are you?” and “Can I trust you?” are fundamental questions every digital company must answer at each step of the customer journey.

Today, Bureau’s proprietary technology, powered by Graph Neural Networks, neutralizes a range of advanced fraud tactics, including money mule accounts, deepfake identities, account takeovers, and payment fraud.

“As cyberfraud reaches unprecedented levels, Bureau stands at the forefront of the fight against digital fraud,” Reddy added.

Bureau’s Game-Changing Platform

Bureau’s platform combines device intelligence, behavioral AI, identity data, and predictive modeling to provide contextual fraud prevention. Its proprietary identity knowledge graph, now containing over half a billion identities and behavioral patterns, delivers real-time risk intelligence across the customer lifecycle.

Rob Rueckert, a Partner at Sorenson Capital, praised Bureau’s approach: “Bureau utilizes a unique combination of device, behavior, financial, and partner data to quickly block scammers without creating deal-breaking headaches for users. By preventing fraud while avoiding harm to customer retention and growth, Bureau is truly differentiated in the fraud-prevention space.”

Unlike traditional solutions, Bureau consolidates multiple fraud-prevention functionalities into one platform, streamlining onboarding compliance, account takeover prevention, fraud ring detection, and more. Its privacy-first architecture avoids sharing consumer data, focusing on tokenized identities and actionable decisions.

Bureau’s platform is widely adopted in banking, fintech, gaming, and e-commerce industries, delivering impactful results:

• Detecting collusion in gaming platforms through behavioral AI
• Preventing synthetic identity fraud in neobanks
• Enhancing risk profiling for secure lending to new-to-credit customers

Bureau’s effectiveness has earned it recognition as a global leader in fraud prevention by Liminal.

Expanding Horizons

The $30 million funding will fuel two major initiatives:

1. Enhanced AI Capabilities: To improve decision efficiency and expand fraud coverage.
2. Global Expansion: To broaden its presence beyond Asia to new markets worldwide, meeting surging demand for comprehensive fraud prevention.

“In an era where AI-powered fraud threatens the digital economy, Bureau’s focus will remain on improving digital trust by protecting and accelerating customer journeys,” said Reddy.