Online fraud and abuse prevention tech company Arkose Labs has raised $22 million in Series B funding recently. Microsoft’s venture fund, M12, has led the funding round in participation with existing investors, USVP, and PayPal. With this new financing, the company plans to develop its e-Commerce online fraud prevention platform, look for new hiring, and work for global expansion.
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Nagraj Kashyap, Microsoft Corporate VP and Global Head of M12, said, “With Arkose’s end-to-end anti-fraud platform, enterprises across the globe can better protect against fraud and abuse long-term. Multiple Microsoft businesses are already benefiting from this innovative technology, and we are committed to supporting Arkose’s accelerated growth.”
Source: http://www.finsmes.com/2020/03/arkose-labs-raises-22m-in-series-b-funding.html
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