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§ Private Profile · Philadelphia, PA, USA
Cybersecurity platform combating account takeover and identity fraud for businesses, using collective intelligence and behavioral analytics.
Based in New York City, Deduce is a venture-backed software-as-a-service cybersecurity platform that combats account takeover and identity fraud using collective intelligence and behavioral analytics. The software aggregates data across a network of more than 150,000 partner websites to generate real-time risk scores and authenticate legitimate users across the financial technology, e-commerce, education, gaming, and healthcare sectors. Prior to its acquisition by go-to-market security platform CHEQ, the company raised $27.3 million in total venture capital funding, including a $9 million Series B round in September 2023 to launch its generative artificial intelligence identity fraud solution. Operating with a team of approximately 14 full-time employees, the fraud prevention enterprise secured financial backing from institutional investors such as True Ventures, Ridge Ventures, Freestyle Capital Management, and Foundry Group. Deduce was founded in 2019 by Ari Jacoby.
Deduce has raised $26.0M across 3 funding rounds.
Deduce has raised $26.0M in total across 3 funding rounds.
Deduce has raised $26.0M in total across 3 funding rounds.
Deduce's investors include Freestyle Capital, Calibrate Ventures, Costanoa Ventures, Foundry Group, G20 Ventures, Galaxy Digital, LDV Capital, M13, March Capital, RRE Ventures, Toyota Ventures, Tribe Capital.
Deduce has raised $26.0M across 3 funding rounds. Most recently, it raised $9.0M Series B in September 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2023 | $9M Series B | Freestyle Capital | Calibrate Ventures, Costanoa Ventures, Foundry Group, G20 Ventures, Galaxy Digital, LDV Capital, M13, March Capital, RRE Ventures, Toyota Ventures, Tribe Capital, True Ventures, Ubiquity Ventures | Announced |
| Jun 1, 2021 | $10M Series A | Foundry Group | TJ Nahigian, Calibrate Ventures, Companyon Ventures, Costanoa Ventures, Craft Ventures, Hyde Park Venture Partners, LAUNCH, March Capital, Overline VC, RRE Ventures, SQN Venture Partners, TechNexus Venture Collaborative, Techstars, Toyota Ventures, Trajectory Ventures, Ubiquity Ventures, XFactor Ventures, Sundeep Madra, Travis Vanderzanden, Vikas Sabnani, True Ventures | Announced |
| Nov 1, 2020 | $7M Seed | True Ventures | Better Tomorrow Ventures, Bolt, G20 Ventures, Galaxy Digital, M13, Point72 Ventures, Recursive Ventures, Seven Seven SIX, The House Fund, Tribe Capital, ULU Ventures, Josh Elman, Katie Gray, Kyle Porter, Lisa Hook, TOM Noonan, Ridge Ventures | Announced |
Deduce Technologies is a technology consulting firm founded in 2019 and headquartered in Gurugram, India, specializing in AI-powered solutions for mapping, geospatial data, location intelligence, data annotation, and cloud analytics[1][2][4]. It serves Fortune 50 clients in logistics, transportation, retail, CPG, and e-commerce, delivering services like last-mile connectivity, navigation, supply chain visibility, LiDAR data classification, building models, next-generation mapping, and smart city solutions, with over 1,700 associates across the US, India, and UK, and claims of enabling 100 million+ happy users and $200 million in transportation savings[1][2][4]. The company emphasizes quality through automation and machine learning, positioning itself as "faster, better, cheaper" for geospatial services while supporting projects like those from India's DRDO Ministry of Defence[1][4].
Note: A separate US-based company named Deduce (deduce.com) focuses on identity fraud prevention using a patented identity graph, but the query aligns with Deduce Technologies (deducetechnologies.com) as the primary match for a general "technology company" in mapping and geospatial domains[3][5].
Deduce Technologies was founded in 2019 in Gurugram, India, emerging as a technology consulting firm to address geospatial and analytics needs in high-stakes sectors like logistics and defense[2][4]. Key leaders include Mahima “Mahi” Shrivastava (Director of Corporate Functions, with US-India experience in HR, admin, and legal), Brajesh “Dreamer” Shrivastava (Director of Corporate Strategy and Customer Relations, IIM Lucknow/DTU graduate with decades of leadership), and Bijay Das (VP leading the CoE for software development, coding, and testing)[1]. The idea stemmed from integrating domain expertise in data warehousing, BI, and cloud with AI for real-world applications like on-time pizza delivery and cross-continent gift logistics, evolving to win prestigious projects such as from LRDE (DRDO, Ministry of Defence) and scaling to 1,700+ associates globally[1][4].
Early traction built on "deducing" insights from known facts via geospatial tools, prioritizing quality over cost-cutting competitors, and focusing on last-mile solutions amid rising e-commerce demands[1].
Deduce Technologies rides the geospatial AI wave, fueled by e-commerce growth, smart cities, and supply chain digitization post-pandemic, where accurate location intelligence is critical for last-mile efficiency and defense applications[1][2][4]. Timing aligns with surging demand for LiDAR, data annotation for ML, and cloud analytics amid 5G/IoT expansion, positioning it favorably against market forces like rising logistics costs and urban planning needs in India and globally[1][4]. It influences the ecosystem by enabling Fortune 50 scalability and government projects, contributing to 100M+ users' experiences while bridging traditional consulting with AI-driven "deduction" for real-time decisions[1][4].
Deduce Technologies is poised for expansion in AI-geospatial niches, leveraging DRDO wins and e-commerce booms to target more defense, smart city, and global logistics contracts. Trends like autonomous vehicles, edge AI, and climate-resilient supply chains will amplify its momentum, potentially growing its 1,700-headcount and user base further. As geospatial data becomes foundational to enterprise AI, Deduce's "deducers" ethos—thinking carefully from facts—could solidify its role as a quality leader, evolving from consulting to full-stack platform innovator in a $100B+ market. This builds on its core strength: turning location data into actionable, high-impact decisions.