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Press release content from Globe Newswire. The AP news staff was not involved in its creation. 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 ....
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. ....