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Arkose Labs raised $22 million in a Series B round led by Microsoft's M12, with participation from existing investors PayPal and USVP, bringing its total funding to $36.5 million. CEO Kevin Gosschalk said the capital would be used to hire staff and further develop the platform, which analyzes user session data to assign risk scores and serve targeted challenges to suspected fraudsters. The company's system is designed to protect against account takeover, fake account abuse, scraping, spam and gift card fraud.
