The fraud prevention software developer has boosted its total funding to $114m having receiving a capital injection from SoftBank, PayPal, Microsoft and Wells Fargo.
US-based fraud prevention technology provider Arkose Labs secured $70m on Tuesday in a series C round led by internet and telecommunications group SoftBank’s Vision Fund 2.
Digital payment processor PayPal, software producer Microsoft and financial services firm Wells Fargo also took part in the round, through respective corporate venture capital vehicles PayPal Ventures, M12 and Wells Fargo Strategic Capital.
Arkose produces anti-fraud software which can protect businesses’ online operations against automated and manual cyberattacks by making the attack process less…
