Online Fraud Prevention Platform NS8 Raises $123m

In the US, online fraud prevention company NS8 has raised $123m in a Series A round of funding, which it will use to accelerate product development and expand its global reach with an increased focus on growing its partner network.

With headquarters in Las Vegas, and regional offices in San Francisco, San Ramon, Miami, Amsterdam, Singapore and Melbourne, NS8 combines behavioral analytics, real-time scoring and global monitoring; while the firm's patented scoring technology provides data about the type, quality and trustworthiness of transactions. The company has expanded from 50 to more than 200 employees within the last year, and hiring continues across sales, engineering, marketing and infrastructure.

New funding has been led by Lightspeed Venture Partners and AXA Venture Partners, and NS8 CEO Adam Rogas (pictured) comments: 'Thanks to this investment from Lightspeed, AXA Venture Partners, and our full backing group, we can continue to scale to meet the growing demand for fraud prevention technology in the global marketplace. This partnership positions NS8 to empower even more businesses with enterprise-level fraud defences, regardless of size or industry'.

Web site: www.ns8.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.