Expansion Funds for Anti-Fraud Firm SampleChain

In the US, data quality and anti-fraud software platform SampleChain has raised $1.5m in a new round of funding, which it will use to drive company growth, increase capacity and add additional technologies to its product suite.

Founded in 2018 by former Lucid Chief of Staff Vignesh Krishnan (pictured), New Orleans-based SampleChain builds technology whose uses include matching respondents to relevant surveys and identifying threshold prices for respondents in real-time. The company also uses machine learning and rules-based technology to help identify fraudulent data sets, respondents and bots; using millions of datapoints to analyze a fraudster's previous activity, and predictively detect whether their given tendencies are likely to indicate more fraud or not.

New funding mainly comes from New Orleans based VCs and networks such as the River Bend group, and Capital Investment Partners; as well as several LA and New Orleans-based growth funds. Commenting on how the investment will impact the business, Krishnan says: 'Quality is inherently an engineering problem. We are looking forward to solving data quality issues using the latest technological tools and helping our clients make better decisions'.

Web site: www.samplechain.co .