Featurespace has been ranked among the Sunday Times Hiscox Tech Track 100 league table, which ranks Britain’s private technology, media and telecoms companies with the fastest-growing sales.
The list, which was published in the Sunday Times yesterday (Sunday 9 September), ranks Featurespace as one of the fastest growing companies in the UK.
Featurespace, which has been ranked 85 in the list, is the World leading provider of Adaptive Behavioral Analytics software for fraud and risk management. Their innovative application of machine learning technology provides a holistic solution to tackle new and known fraud attacks and is now protecting customer transactions for some of the largest banks, payment processors and companies across the world.
The 2018 Tech Track 100 companies overall achieved average sales growth over three years of 101% a year to reach a combined total of £3.3bn. They employ 19,300 staff, having added 14,000 employees to their combined workforce over the period.
Featurespace is one of just five companies headquartered in Cambridgeshire (compared to six last year) to make the list. Between them, they have grown their sales by an average of 105% a year over three years to a total of £138m, and together they now employ over 1,000 people.
This year Featurespace aims to increase it's workforce to meet rising customer demand, with more than 100 new positions in London and Cambridge UK, and Atlanta GA - the home of it's US headquarters which opened in late 2017.
Featurespace's fraud prevention software has won a number of exciting awards and nominations over the last 12 months, including The Queen's Award for Enterprise Innovation, The Women in IT Excellence Awards, FS Tech Awards - Anti-fraud Solution of the Year and a Gold Stevie at the American Business Awards. The company has also been ranked in the Deloitte Fast 50 two years running, as well as the FT100, Future Fifty, FinTech50 and European Business Awards 'Ones to Watch'.
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Featurespace™ is the world-leader in Adaptive Behavioural Analytics and creator of the ARIC™ platform, a machine learning software system developed out of the University of Cambridge.
Headquartered in Cambridge, UK, and Atlanta, US with additional offices in London, UK, and New York, US. Featurespace has deployed ARIC to organisations that have services or products deployed in over 180 countries.