PayPal to buy Simility, a specialist in AI-based fraud and risk management, for $120M in cash; Simility had raised about $25M and was last valued at $52.75M (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch:
PayPal to buy Simility, a specialist in AI-based fraud and risk management, for $120M in cash; Simility had raised about $25M and was last valued at $52.75M  —  Payment provider PayPal continues apace with its acquisitions streak to bring more modern tools into its platform to serve its 237 million customers.

from Techmeme https://ift.tt/2MLNP7B