AI-based Risk Assessment Solution Provider Deep Labs Secures $16 Million in Commitments from Fintech Investors

US-based Deep Labs, a company that leverages artificial intelligence (AI) to develop "persona-based" risk assessment solutions, has reportedly managed to secure $16 million in commitments from several Fintech investors. Gunnar Overstrom, partner at Corsair Capital, Gramercy Ventures, and Serendipity Capital led the firm's funding round. Deep Labs was established in 2016 by Scott Edington, the former head at Visa Labs. It uses persona-based intelligence for authenticating and authorizing users to perform transactions. The firm's proprietary technology generates dynamic adaptive risk and propensity profiles for consumers.