Confluent co-founder Neha Narkhede and former Meta engineering executive Sachin Kulkarni have unveiled a new venture that uses real-time data and AI to protect online transactions.
The firm is emerging from stealth after two years, having been self-funded by CEO Narkhede and CTO Kulkarni to the tune of $20 million.
They have also brought in Karthik Ramasamy, who has led machine learning and fraud teams at Google, Uber, and LinkedIn.
Says Narkhede: “Customers expect every online transaction to be instantaneous and safe, but existing technology puts businesses and customers at significant risk – and requires intense engineering support and overhead.
“Oscilar changes that. We’ve spent the past two years putting together a top-flight team of engineers and data scientists – creating a platform that uses AI to fully automate decisions about credit and fraud risk in milliseconds.”
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- Source: https://www.finextra.com/newsarticle/42055/oscilar-emerges-from-stealth-to-secure-online-transactions?utm_medium=rssfinextra&utm_source=finextrafeed
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