November 09, 2017
David Excell speaks to Atlanta Business Chronicle ahead of new office launch
Technology firm Featurespace has picked midtown Atlanta for its North American headquarters. The Cambridge, UK-based firm develops machine-learning software to help financial institutions spot fraud.
Featurespace's ARIC™ platform protects banks and payment processors. Clients include Atlanta-based WorldPay and Columbus, Ga.-based TSYS. WorldPay co-invested in a $21.6 million investment in Featurespace in October. Other investors include Highland Europe, Invoke Capital and Atlanta-based TTV Capital.
“We’ve been supporting (North American) clients remotely from the U.K.,” Excell said. “But, we are seeing that there’s so much opportunity for us in the U.S. in terms of our product. That’s why we’ve chosen Atlanta to be our base.”
Featurespace plans to triple its Atlanta workforce in the next 12 months.