Bloomberg

Microsoft Backs Startup That Helps Fight Fake Online Images

(Bloomberg) — Truepic Inc., which helps companies like banks and insurers fight fraud by verifying images, raised $26 million in a funding round led by Microsoft Corp.’s M12 venture capital arm.Adobe Inc., Sony Innovation Fund and Hearst Ventures participated in the financing for Truepic, which quadrupled revenue in 2020 from more than 100 enterprise customers. The company, whose clients include Equifax Inc. and Ford Motor Co., will use the capital to expand globally and across industries from

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