Workflow-integrated storage supplier Iguazio has received $24m in C-round funding and announced its Data Science Platform. This is deeply integrated into AI and machine learning processes, and accelerates them to real-time speeds through parallel access to multi-protocol views of a single storage silo using data container tech. The firm said digital payment platform provider Payoneer is using it for proactive fraud prevention with real-time machine learning and predictive analytics. Yaron Weiss, VP Corporate Security and Global IT Operations (CISO) at Payoneer, said of Iguazio's Data Science Platform: "We've tackled one of our most elusive challenges with real-time predictive models, making fraud attacks almost impossible on Payoneer." He said Payoneer had built a system which adapts to new threats and enables is to prevent fraud with minimum false positives.

Payoneer uses Iguazio to move from detection to prevention of fraud with predictive machine learning models served in real-time.

This article was written by Kwon Sok Oh, a Financial Analyst at I Know First. Israel currently has over 7000 thousand startups, living up to its reputation as the "startup nation." Israel is considered the most venture capital intense country, with the highest investment funds per capita in the world. Israel's unique combination of innovative and entrepreneurial mentality, technology-oriented ecosystem, government support, and international investment has driven the proliferation of the startup environment. Over 350 multinational companies, including technology giants, such as Intel, Apple, Microsoft, Amazon, and Samsung, and global financial institutions, such as JP Morgan, Citibank, and Barclays, have established R&D Centers in Israel to take advantage of the advent of novel startups and innovative technologies that solve existing problems.