, which is developing a platform that detects and mitigates online fraud, today announced that it has raised $22 million. CEO and founder Kevin Gosschalk said the capital would be used to hire employees and further develop the startup’s platform, which protects consumers from account takeover, fake account abuse, scraping, spam, gift card abuse, and other scammy activities.
Given that there’s a hacker attack roughly every , this could be a boon for businesses dealing with sensitive data.
Arkose’s products analyze data from user sessions to determine the context, behavior, and past reputation of every request. Depending on the risk score, users are presented with challenges that attempt to differentiate between true users and fraudsters. Authentic traffic is passed on to the enterprise, while inauthentic