NS8, a Las Vegas-based online fraud prevention company, closed a $123m Series A venture capital funding.
The round was led by Lightspeed Venture Partners and AXA Venture Partners.
The company intends to use the funds to accelerate product development and expand its global reach with an increased focus on its vast partner network and hire across sales, engineering, marketing, and infrastructure.
Led by CEO Adam Rogas, NS8 is a comprehensive fraud prevention platform that combines behavioral analytics, real-time scoring, and global monitoring to help online businesses minimize risk. Its patented scoring technology provides actionable data about the type, quality, and trustworthiness of transactions, which businesses leverage to automate fraud management workflows to suit their individual needs. The company has over 200 employees with additional offices in San Francisco, San Ramon, Miami, Amsterdam, Singapore, and Melbourne.