CurrencyNewsBreaks – PayPal Holdings Inc. (NASDAQ: PYPL) Subsidiary Bolsters Cybersecurity Investment with Bureau Partnership
PayPal (NASDAQ: PYPL) subsidiary PayPal Ventures recently joined a $30 million Series B funding round for Bureau, an AI-driven fraud prevention and risk intelligence platform, according to a press release on Dec. 18, 2024. The funding round, led by Sorenson Capital, also saw contributions from Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital, and XYZ Ventures. Bureau has achieved a threefold increase in revenue since its last funding round, a testament to the growing demand for advanced fraud prevention technology. The new funding will support Bureau’s product development and global expansion to tackle increasingly sophisticated cyber threats. In the…