Inscribe, which is developing fraud detection and document automation tools for the fintech and finance industry, has raised $25m in Series B funding.

The firm, founded by Irish twins Conor and Ronan Burke, as well as Oisin Moran and James Eggers, received the investment from Threshold Ventures as well as existing investors Crosslink Capital, Foundry and Uncork Capital.

Box co-founder, Dylan Smith, and co-founder of Intercom, Des Traynor, were also part of the round.

In total the San Francisco headquartered business has now raised $38m.

"We set out to help solve the uncertainty faced by risk teams everywhere by building artificial intelligence based on the heuristics used by manual review teams," said Inscribe co-founder and CEO Ronan Burke.

"So for the first time ever, they can build digital trust by quickly analysing billions of data points with a high degree of accuracy and uncovering insights that were previously invisible to the human eye."

"Technologies that make what's invisible, visible (like the telescope, the microscope, the x-ray) have always moved society forward in very powerful and important ways."

The business says its artificial intelligence based products are used to produce risk intelligence that saves clients hundreds of hours each week on work that had previously been done manually.

It also saves millions of dollars in fraud losses annually, it states.

The latest investment will be used to increase staffing and drive development.

The company claims to have recorded a three-fold increase in average recurring revenue and a four fold rise in monthly usage last year.

"We believe that Inscribe's Risk Intelligence will be one of the most significant innovations for the financial services industry since the shift to online banking," said Josh Stein, co-founder and Managing Partner at Threshold Ventures.

"We're impressed by Inscribe's growth and vision for the category"

"They have a team of experienced executives, engineers, and data scientists who are building industry-changing solutions to help businesses grow responsibly."