IP Group put up $5.4m for Cambridge fraud detection spinout Featurespace’s latest round to bring the company’s overall funding haul to $70.9m.

Featurespace, a UK-based fraud detection technology spinout from University of Cambridge, secured £25m ($32.9m) yesterday in a round that included a $5.4m investment from commercialisation firm IP Group. Investment firm Insight Venture Partners led the round, which also featured VC fund MissionOG, Highland Europe, TTV Capital and Invoke Capital, in addition to private investor Robert…

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