A Weinhold Legal team, led by VC specialist Pav Younis and IP specialist Martin Lukáš advised Resistant AI, a Czech-based software start up, on the latest VC financing round, led by Google Ventures (its first Czech financing) and also involving Index Ventures, Credo and Seedcamp.
The WL team advised on the Czech legal aspects of the financing (being the third on which WL has advised this client) with Pav Younis leading the corporate aspects and Martin Lukáš the IP aspects. Senior associate Jakub Nedoma also participated in the project.
WL continues to advise Resistant AI on a wide variety of issues.
Resistant AI uses artificial intelligence to help financial services companies combat fraud and financial crime, selling tools to protect credit risk scoring models, payment systems, and customers.
"Our mission is to create an intelligent shield for autonomous financial systems, to protect them against these ever-evolving, ever-smarter attacks," commented Resistant AI CEO Martin Rehak. "That’s the only way we can avoid epidemic fraud, mountains of manual reviews, and four-factor authentication on every single online service."
Further information here: CEE.