Munich Re-backed insurtech that uses AI to detect fraud attracts $14m in funding round

Artificial intelligence

Fraugster, a software company that uses artificial intelligence to prevent fraud for online retailers, has raised $14m in funding as it looks to expand into new markets.

The series B funding round was led by Commerz Ventures, the venture capital subsidiary of Commerzbank, and other early investors Earlybird, Speedinvest, Seedcamp and Rancilio Cube.

The newly-raised

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