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Forter valued at $3bln as online boom fuels fraud prevention tool demand

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Forter raises $300M on a $3B valuation to combat e-commerce fraud – TechCrunch

Forter raises $300M on a $3B valuation to combat e-commerce fraud E-commerce is on the rise, but that also means the risk, and occurrence, of e-commerce fraud is, too. Now, Forter, one of the startups building a business to tackle that malicious activity, has closed $300 million in funding a sign both of the size of the issue, and its success in tackling it to date. The new funding, a Series F, values Forter at $3 billion notable not least because the funding is coming only about six months since Forter’s previous round, a $125 million Series E that valued it at over $1.3 billion.

Cloud Security Startup Wiz Raises $120M In Salesforce-Led Round: Report

Cloud Security Startup Wiz Raises $120M In Salesforce-Led Round: Report The nine-figure haul from Salesforce would bring Wiz’s total funding to more than $350 million just 16 months after the Tel Aviv, Israel-based cloud security startup was launched, according to Bloomberg. By Michael Novinson May 25, 2021, 11:33 AM EDT Cloud security startup Wiz has raised more than $120 million in a funding round led by customer relationship management (CRM) giant Salesforce, according to Bloomberg. The funding would be the Tel Aviv, Israel-based Wiz’s third financing round in the past six months, coming just two months after the firm notched a $1.7 billion valuation following a $130 million Series B round led by private equity investor Advent International. Neither Wiz nor Salesforce immediately responded to CRN requests for comment on the Bloomberg report.

Forter raises $300m at $3b valuation

Forter raises $300m at $3b valuation The Israeli e-commerce fraud prevention company has nearly tripled its valuation since its last financing round six months ago. Israeli e-commerce fraud prevention company Forter today announced that it has completed a $300 million in Series F financing round led by Tiger Global Management, with participation from Third Point Ventures and Adage Capital Management. Existing investors also participated including Bessemer Venture Partners, Sequoia Capital, March Capital, NewView Capital, Salesforce Ventures and Scale Venture Partners. RELATED ARTICLES Forter has raised the money at a valuation of $3 billion, nearly tripling its valuation over the past six months from when it raised $125 million in its Series E financing round. Forter will use the additional funding to work with retailers, e-commerce platforms, banks and payment providers to fight fraud, enhance trust, boost confidence and improve the shopper experience.

Forter Doubles Revenue in Last 12 Months; Raises $300M for a $3B Valuation

Forter Doubles Revenue in Last 12 Months; Raises $300M for a $3B Valuation on May 25 2021 11:15 PM Driven by the Recent Imperatives of Rapid Digital Transformation, The Largest Retailers Around the Globe Are Now Relying on Forter’s Real-Time Frictionless Fraud & Abuse Prevention Platform to Fuel Growth NEW YORK (BUSINESS WIRE) Forter, the leader in e-commerce fraud prevention, today announced it has raised $300 million in Series F funding led by Tiger Global Management, with participation from Third Point Ventures and Adage Capital Management. Existing investors also participated including Bessemer Venture Partners, Sequoia Capital, March Capital, NewView Capital, Salesforce Ventures and Scale Venture Partners.

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