Fraud prevention innovator Moonsense announced they have raised $4.2 million in seed funding and the general availability of its user behavioral and network intelligence solution to help organizations future-proof their fraud detection and prevention.

Seed funding was co-led by XYZ Ventures and Race Capital with participation from TheGP, Foothill Ventures, and individual investors including Sekhar Sarukkai, John Lilly and Josh Wills.

Moonsense's new approach allows companies to better customize fraud management based on their unique business and is actively being used across several security and risk-sensitive industries including financial services, fintech, online merchants, online gambling, among others.