Square buys Canadian deepfake detector Deesa

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Square has buttressed its deep-learning with the purchase of Dessa, a Toronto-based machine learning startup that specializes in advanced risk management.

Launched in 2016, Dessa leverages ML for various technologies including managing risks, and has become known for its ability to detect deepfakes that are an increasing fraud threat, Square said in a recent blog post.

Deepfakes have become a way for crooks to move beyond traditional behavioral-based means to spot financial services fraud. Dessa recently open-sourced its deepfake detection technology to raise awareness of the misuse of deepfakes.

Dessa will join Eloquent Labs, a Redwood City, Calif.-based AI startup Square acquired last year, as another core asset in the ongoing expansion of Square’s ML and AI resources. The Dessa team will remain in Toronto. Financial terms of the deal were not disclosed.

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Risk management Machine learning Square M&A Payment fraud