Fundraising FoxRippleshot
Chicago, US · Founded 2014 · 7 known investors
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Rippleshot offers a cloud-based (SaaS) platform that uses machine learning and predictive analytics to help financial institutions detect card fraud, identify merchant data breaches, and manage fraud risk proactively. It serves banks of all sizes, from small banks to large institutions.
Founders & leadership
Rippleshot was founded in 2014 by Canh Tran, Randal Cox, and Yueyu Fu.
CT
Canh TranCo-founder and CEOCanh Tran is CEO and co-founder of Rippleshot, a fraud detection platform that uses machine learning and predictive analytics to help financial institutions identify breaches and manage fraud risk.
RC
Randal CoxCo-founder · Chief ScientistRandal Cox has over a decade of experience in credit card fraud modeling and detection. He previously published research in bioinformatics, including work on genome assembly and phylogenetic analysis, before co-founding Rippleshot.
YF
Yueyu FuCo-Founder & CTOYueyu Fu is an executive and director at Rippleshot, which offers a cloud-based platform using machine learning and predictive analytics to help financial institutions detect card fraud and manage fraud risk.
Board
LC
CC
Investors · 7
IU Ventureslisted by IU VenturesBloomington
How we know: IU Ventures's portfolio page · Not right? Tell us
Method Capitallisted by Method CapitalChicago · $1M – $10M
How we know: Method Capital's portfolio page · Not right? Tell us
KGC Capitalreported
How we know: funding news · Not right? Tell us
SixThirty VenturesreportedSt. Louis · $100K – $250K
How we know: the VCSheet dataset · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$4.3M disclosed across 2 of 3 rounds · 2015–2018
▶$1.5MraisedAug 2018 · 9 investors · Other TechnologyRule 506(b)
▶$1.5MraisedAug 2018 · 9 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Canh TranExecutive Officer, Director, Promoter
- Jeffrey T. LisendahlDirector
- Yueyu FuExecutive Officer, Promoter
- Lon ChowDirector
- Randal CoxDirector, Promoter
- Christopher CappsDirector
- Offering amount
- $1.5M
- Amount sold
- $1.5M
- Minimum investment
- $25K
- First sale
- Aug 2018
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
▶$2.8MraisedFeb 2017 · 22 investors · Other TechnologyRule 506(b)
▶$2.8MraisedFeb 2017 · 22 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Canh TranExecutive Officer, Director, Promoter
- Randal CoxDirector, Promoter
- Lon ChowDirector
- Christopher CappsDirector
- Yueyu FuExecutive Officer, Director, Promoter
- Offering amount
- $4M
- Amount sold
- $2.8M
- First sale
- Jul 2016
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
2 people who came through Rippleshot went on to found or lead other companies.
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In the news
Frequently asked questions
- What does Rippleshot do?
- Rippleshot offers a cloud-based (SaaS) platform that uses machine learning and predictive analytics to help financial institutions detect card fraud, identify merchant data breaches, and manage fraud risk proactively. It serves banks of all sizes, from small banks to large institutions.
- Who founded Rippleshot?
- Rippleshot was founded by Canh Tran, Randal Cox, Yueyu Fu in 2014.
- Who are Rippleshot's investors?
- Rippleshot's investors include Baleon Capital, IU Ventures, Method Capital, Service Provider Capital, TruStage Ventures, KGC Capital, SixThirty Ventures.
- How much funding has Rippleshot raised?
- Rippleshot has disclosed $4.3M raised across 2 of its 3 known rounds.
- Where is Rippleshot headquartered?
- Rippleshot is headquartered in Chicago, US.