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Arkose Labs Raises $70 Million Led by SoftBank Vision Fund 2 to Bankrupt the Business of Fraud
Arkose LabsMay 11, 2021 GMT
SAN FRANCISCO, May 11, 2021 (GLOBE NEWSWIRE) Arkose Labs, provider of online fraud and abuse prevention technology, today raised a $70 million Series C funding round led by SoftBank Vision Fund 2 with additional participation from Wells Fargo Strategic Capital and previous investors M12 and PayPal Ventures, bringing the total funding to $114 million to date.
Arkose Labs takes an approach that is unique in the industry to fighting fraud and cybercrime. Rather than being reactive and playing a constant game of whack-a-mole with attackers, Arkose Labs built its platform by first looking at how fraudsters make money by attacking digital platforms. By working backwards from that starting point and then implementing strategies to make it more difficult for fraudsters
Arkose Labs Raises $70 Million Led by SoftBank Vision Fund 2
SAN FRANCISCO, May 11, 2021 (GLOBE NEWSWIRE) Arkose Labs, provider of online fraud and abuse prevention technology, today raised a $70 million Series C funding round led by SoftBank Vision Fund 2 with additional participation from Wells Fargo Strategic Capital and previous investors M12 and PayPal Ventures, bringing the total funding to $114 million to date.
Arkose Labs takes an approach that is unique in the industry to fighting fraud and cybercrime. Rather than being reactive and playing a constant game of whack-a-mole with attackers, Arkose Labs built its platform by first looking at how fraudsters make money by attacking digital platforms. By working backwards from that starting point and then implementing strategies to make it more difficult for fraudsters to profit from attacks, Arkose Labs undermines the economic drivers behind fraud until the perpetrators are compelled to abandon their attacks.
Schneider to implement predictive maintenance
JEDDAH, February 10, 2021 Jeddah’s Dr Samir Abbas Hospital, the leading facility for fertility treatment in the kingdom, has agreed a landmark agreement with Schneider Electric that covers service for the electrical equipment servicing the hospital’s IVF laboratory. Thanks to Schneider Electric’s EcoStruxure Asset Advisor software, the hospital will take a proactive approach to maintenance, ensuring that the laboratory’s electrical equipment will always be serviced and working 24/7. The hospital was founded three years ago by Dr Samir Abbas, a pioneer in the field of women’s reproduction and assisted reproductive techniques. With over 40 years of experience in the field of infertility, Dr Abbas was the first person to facilitate a test tube baby in the Arab and Muslim world, back in 1986. Dr Abbas also performed the very first successful in-vitro fertilisation procedure In Saudi Arabia.