SAN FRANCISCO, March 19, 2024 (GLOBE NEWSWIRE) -- Sift, the AI-powered fraud platform securing digital trust for leading global businesses, has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024, coming in at No. 6 in the Security category.
This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. These organizations are setting new standards and achieving remarkable milestones in all sectors of the economy. Alongside the World's 50 Most Innovative Companies, Fast Company recognizes 606 organizations across 58 sectors and regions.
“Fraudsters are becoming more sophisticated and innovative by the day, and are embracing AI to inflict harm at unprecedented scale, making their attacks on businesses and consumers harder to stop,” said Sift CEO Kris Nagel. “Inclusion in Fast Company’s Most Innovative Companies list highlights how our AI-powered platform and the incredible technological innovations we’ve brought to market prevent fraud and allow businesses to grow fearlessly.”
Sift recently announced a milestone of 40 patents granted or allowed by the United States Patent and Trademark Office (USPTO), showcasing continuous innovation, differentiation, and dedication to developing the innovative technologies that prevent fraud and unlock customer growth. In 2023, the company made substantial investments in its core machine learning and AI technology to detect fraudulent behaviors and patterns. In late 2023, the company launched the Fraud Industry Benchmarking Resource (FIBR), a first-of-its-kind online tool that allows anyone to access key fraud metrics across industries, geographies, and time. The company also attained Leader status in The Forrester Wave™: Digital Fraud Management, Q3 2023 by Forrester Research, Inc.
The World's Most Innovative Companies stands as Fast Company's hallmark franchise and one of its most anticipated editorial efforts of the year.
Fast Company's editors and writers identified the companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world. Fast Company’s Most Innovative Companies package is available online, as well as in app form via iTunes, and on newsstands beginning March 26. The hashtag is #FCMostInnovative.
“Our list of the Most Innovative Companies is both a comprehensive look at the innovation economy and a snapshot of the business trends that defined the year,” said Fast Company editor-in-chief Brendan Vaughan. “We saw extraordinary innovation across the board in 2023, but we also saw a handful of clear patterns: the growing footprint and impact of AI, the triumphant return of live events, and great leaps forward in climate tech. We face daunting challenges on many fronts, but the solutions we celebrate in MIC give me plenty of hope about the future.”
Fast Company will host the Most Innovative Companies Summit and Gala on May 16. The summit features a morning and afternoon of inspiring content, followed by a creative black-tie gala including networking, a seated dinner, and an honoree presentation. This event celebrates the Most Innovative Companies honorees and provides an inside look at cutting-edge business trends and what it takes to innovate in 2024.
About Sift
Sift is the AI-powered fraud platform securing digital trust for leading global businesses. Our deep investments in machine learning and user identity, a data network scoring 1 trillion events per year, and a commitment to long-term customer success empower more than 700 customers to grow fearlessly. Brands including DoorDash, Yelp, and Poshmark rely on Sift to unlock growth and deliver seamless consumer experiences. Visit us at sift.com and follow us on LinkedIn.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
Media Contact:
Victor White
Senior Director, Corporate Communications
press@sift.com
