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Arkose Labs Raises USD 22 mln for anti-fraud platform development

Wednesday 25 March 2020 12:31 CET | News

Online fraud and abuse prevention startup Arkose Labs has raised USD 22 million in a Series B financing led by Microsoft’s venture fund, M12.

Crunchbase reveals that PayPal and USVP, the existing backers, also put money in the round, which brings its total raised to USD 36.5 million. Arkose Labs’ mission ‘is to bankrupt the business model of fraud’, while its telemetry-based decision engine aims to identify potential bad actors.

The company’s fraud defense platform works to protect from activities such as account takeover, fake account abuse, scraping, spam, and gift card abuse. Arkose Labs detected and stopped over 500 million attacks in 2019, and its customers include Microsoft (naturally), GitHub, Electronic Arts, Match.com, Singapore Airlines, Roblox, and Twilio. Moreover, the startup plans to use its new capital for platform development, new hires, and global expansion. 

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Keywords: Arkose Labs, anti-fraud platform, revenue, financing, fraud, bad actors, account takeover, abuse, scraping, card fraud
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: World
This article is part of category

Securing Transactions