Image courtesy of SiliconANGLE
Arkose Labs raised $22 million in Series B funding led by Microsoft's M12, with PayPal Holdings and USVP also participating, to expand hiring and accelerate development of its anti-fraud platform. Founded in 2016, the company aims to "bankrupt the business model of fraud" by not only detecting attacks but tracing their perpetrators and working to shut down their operations. The platform guards against account takeovers, fake account abuse, scraping, scams and gift card fraud, with services including Arkose Detect and Arkose Protect.
