Private Equity

VC Fund Investments

Fraud detection platform ClearTrust raises $1.9 M led by Ideaspring Capital

Entrackr  

ClearTrust, a Bengaluru-based fraud detection platform, has raised USD 1.9 million in its pre-Series A round led by Ideaspring Capital with participation from Piper Serica Angel Fund. Existing backer Alacrity India also participated in the round.The new funding will be used to expand its operations into North America and further invest in research and development in AI, cybersecurity, and deep tech to develop critical filters that will help detect advertising frauds.In 2021, the startup had raised USD 200,000 in seed round from Alacrity India, Limelight UK, and ThinkNext LLC.Founded in 2020 by Deepankar Biswas and Raja TN, ClearTrust helps advertising operations, media buying companies and teams worldwide with its tracking and fraud detection platform.