Xomi, Inc.

Xomi, Inc. specializes in advanced fraud detection and prevention solutions, helping businesses enhance security and trust in digital transactions across various sectors such as e-commerce and finance. Founded in 2011 and headquartered in Salt Lake City, US, Xomi, Inc. focuses on providing innovative fraud prevention solutions.

The company was acquired by Sift Science, Inc. in May 2021. The leadership team includes CEOs John Munro and Tim Coltrell, who bring extensive experience from previous ventures. Xomi has successfully raised USD 6.

35 mn in its Series A funding round, with participation from investors including FINTOP Capital, Kickstart Capital, and Next Coast Ventures. Xomi, Inc. offers a sophisticated fraud detection platform designed to provide identity trust for businesses across multiple digital sectors. Leveraging machine learning and an extensive data network, their solutions address risks related to payment fraud and account takeovers.

The company serves a diverse clientele, including well-known brands in e-commerce and finance, with core offerings focused on enhancing transaction security. Xomi generates revenue primarily through subscription-based services, allowing clients to access their advanced fraud prevention features via tiered pricing plans. This model caters to businesses of all sizes and ensures a consistent revenue stream, as clients engage Xomi's services to bolster their fraud mitigation strategies. Following the acquisition by Sift Science, Xomi plans to leverage recent funding to expand its product offerings and enhance its platform.

The company is targeting specific markets in North America and Europe for expansion, aiming to introduce new solutions that cater to evolving industry needs. The funding from the Series A round will support these initiatives, focusing on product development and market penetration to meet increasing demands in digital fraud prevention.