Security News > 2020 > March > Microsoft, PayPal Invest in Anti-Fraud Startup Arkose Labs
San Francisco, Calif-based Arkose Labs has raised $22 million in a Series B funding round led by the Microsoft venture fund, M12. Existing investors PayPal and USVP participated, bringing the total raised so far to $36.5 million.
Arkose Labs provides a fraud detection and prevention platform.
The Arkose Labs platform comprises two components: Arkose Detect and Arkose Enforce.
The intent, said Arkose in a statement, is "To bankrupt the business of online fraud and abuse... by making cybercriminals expend massive effort to conduct their attacks, which eliminates the ROI and profitability of fraud." The purpose, added Gosschalk, is "To eliminate fraud, rather than contain it."
Arkose Labs expects to build partner-led market strategies for Latin America and the Asia-Pacific region.