Bureau Raises $30 Million in Series B Funding

Bureau, a Bengaluru-based risk intelligence platform, has raised $30 million in Series B funding led by Sorenson Capital, with participation from PayPal Ventures and other existing investors. The funds will be used to enhance product offerings, recruit talent, and expand its geographical reach amid rising global fraud losses, which have surpassed $5 trillion annually. Founded in 2020 by Ranjan Reddy, Bureau's AI-powered platform provides real-time, contextual fraud prevention through a unique identity knowledge graph that encompasses over half a billion identities. The platform is designed to cater to industries such as banking, fintech, gaming, and e-commerce, offering advanced capabilities including money mule detection and account takeover prevention. Reddy highlighted the increasing scale of cyber fraud and the growing demand for sophisticated tools to combat these threats, confirming Bureau's commitment to both Indian and global markets. The company has seen strong growth, with its customer base expanding to over 150 enterprises, reflecting significant investor confidence.