Arkose Labs, a San Francisco, CA-based provider of online fraud and abuse prevention technology, raised an additional $22m in Series B funding.
The round was led by Microsoft’s venture fund, M12, with participation from existing investors PayPal and USVP.
The company intends to use the funds for platform development, new hires and global expansion.
Led by Kevin Gosschalk, founder and CEO, Arkose Labs provides an online fraud and abuse prevention technology platform that protects many Fortune 50 companies in the financial services, ecommerce, media, gaming and emerging technology sectors. Going beyond fraud prevention, the company protects any consumer action from abuse and fraud, such as account takeover, fake account abuse, scraping, spam, gift card abuse and many other activities.
Customers include Microsoft, GitHub, Electronic Arts, Singapore Airlines, Roblox and Twilio, among others. Arkose Labs also has offices in Brisbane, Australia.