Arkose Labs Raises $70M in Series C Funding

Arkose Labs

Arkose Labs, a San Francisco, CA-based provider of online fraud and abuse prevention technology platform, raised $70m in Series C funding.

The round, which brought total funding to date to $114m, was led by SoftBank Vision Fund 2 with participation from Wells Fargo Strategic Capital and previous investors M12 and PayPal Ventures.

The company intends to use the funds toward 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 which leverages an innovative approach that determines true user intent and remediates attacks in real time. Risk assessments combined with interactive authentication challenges undermine the ROI behind attacks, providing long-term protection while improving good customer throughput.

The company, based in San Francisco, Calif., with offices in Brisbane, Australia and London, UK, protects digital businesses worldwide and is used by global brands including Electronic Arts, Dropbox, Microsoft, PayPal, and Sony Interactive Entertainment.