About Simility
Simility is a company based in Palo Alto (United States) founded in 2014 was acquired by PayPal in June 2018. Simility has raised $24.96 million across 4 funding rounds from investors including PayPal, Accel and The Valley Fund. The company has 38 employees as of March 22, 2024. Simility offers products and services including Simility Analytics Platform and Fraud Protection Services. Simility operates in a competitive market with competitors including Signifyd, Entrust, ThreatMetrix, Riskified and Socure, among others.
- Headquarter Palo Alto, United States
- Employees 38 as on 22 Mar, 2024
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Sectors
TechnologyFinancial Services
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Phone
Locked
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Website
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Social
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- Legal Name Simility Software Services India Private Limited
- Date of Incorporation 26 Nov, 2014
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$1.17 M (USD)59.34as on Mar 31, 2018
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Net Profit
$109.15 K (USD)87.22as on Mar 31, 2018
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EBITDA
$168.14 K (USD)61.4as on Mar 31, 2018
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Total Equity Funding
$24.96 M (USD)
in 4 rounds
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Latest Funding Round
$17.75 M (USD), Series B
Dec 21, 2017
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Investors
PayPal
& 3 more
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Employee Count
38
as on Mar 22, 2024
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Acquired by
PayPal
(Jun 21, 2018)
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Products & Services of Simility
Simility offers a comprehensive portfolio of products and services, including Simility Analytics Platform and Fraud Protection Services.
Platform for analyzing business data to detect and prevent fraud.
Tools for monitoring and mitigating fraudulent activities in transactions.
People of Simility
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Software Development Team
374 people
Leadership Team
144 people
Sales and Marketing
97 people
Data Analysis and Operations Team
76 people
Product Management Team
56 people
Senior Team
36 people
Finance and Accounting
35 people
Operations Team
34 people
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Funding Insights of Simility
Simility has successfully raised a total of $24.96M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $17.75 million completed in December 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Simility
Simility has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include PayPal, Accel and The Valley Fund.
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Accel is recognized as a leading venture capital firm.
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Early-stage US tech startups are funded by The Valley Fund.
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Venture capital firm investing in early-stage technology and real estate companies.
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Investor details for Simility
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Simility
Investment portfolio details for Simility
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Financial Statements - Simility
Detailed financials for Simility
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Simility Comparisons
Peer comparison for Simility
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Competitors of Simility
Simility operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Signifyd, Entrust, ThreatMetrix, Riskified and Socure, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of fraud prevention and payment validation for online retailers
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Provider of digital identity management solutions
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Fraud prevention and context based authentication solution
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AI-based fraud prevention for e-commerce payments is provided.
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AI-based identity verification and fraud detection are provided.
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Identity decisioning platform is provided for banks and fintech firms.
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Detailed competitors of Simility
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Latest news on Simility
Complete news archive for Simility
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Frequently Asked Questions about Simility
Simility was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Simility is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Simility is a funded company, having raised a total of $24.96M across 4 funding rounds to date.
As of Mar 22, 2024, the latest employee count at Simility is 38.
Annual revenue of Simility is $1.17M as on Mar 31, 2018.
Simility was founded in 2014 in Palo Alto, United States, within the fintech sector. A SaaS platform is operated for enterprise fraud detection and risk management, integrating big data analytics, machine learning, and data visualization. Transactions and user behavior are analyzed in real time, with instant alerts generated to support immediate actions that reduce financial losses and transaction friction.
Simility offers Simility Analytics Platform and Fraud Protection Services.
Simility has 4 investors. Key investors include PayPal, Accel, The Valley Fund, and Trinity Ventures.