Microsoft backs startup that helps fight fake online images

microsoft backs startup that helps fight fake online images

Sumary of Microsoft backs startup that helps fight fake online images:

  • Truepic, which helps companies like banks and insurers fight fraud by verifying images, raised $26 million in a funding round led by Microsoft’s M12 venture capital arm.
  • Adobe, Sony Innovation Fund and Hearst Ventures participated in the financing for Truepic, which quadrupled revenue in 2020 from more than 100 enterprise customers.
  • The company, whose clients include Equifax and Ford Motor, will use the capital to expand globally and across industries from banking and cars to online commerce.

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