NS8 secured $123M in Series A Funding round backed by Lightspeed Venture Partners

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NS8

NS8, a Las Vegas-based online fraud Prevention Company has now secured $123 million in the Series A funding round.

NS8 is founded by Adam Rogas. It is a fraud prevention platform that combines behavioral analytics, global monitoring, and real-time scoring to help online businesses minimize risk. The company has raised a total of $157.9 million in seven funding rounds, according to CrunchBase.

Executive Opinion

Bradley Twohig, Partner at Lightspeed Venture Partners, said, "Online fraud prevention has grown rapidly due to the acceleration of eCommerce adoption by merchants and, with it, an increased threat of those seeking to attack online stores. Merchants of all sizes need to invest in security products to ensure a safe and secure online experience. NS8's platform allows its partners and their merchants to stand up a full-service fraud prevention hub, in a matter of a day, across almost every eCommerce platform. The time to value is simply best in class."

Alex Scherbakovsky, General Partner at AXA Venture Partners and NS8 board member, said, "NS8 has built a market-leading fraud detection and prevention platform combining advanced data analytics with real-time scoring. NS8's rapid growth is a testament to the strength of the company's product, and the value NS8 delivers to its customers. We are excited to partner with Adam and the NS8 team to scale the business globally."

NS8's Latest Funding

The round was backed by the AXA Venture Partners and Lightspeed Venture Partners.

The company, as of now, has plans to use the new funds to scale product development and expand its global reach and hire strength across the infrastructure, marketing, sales, and engineering, notes the announcement.

The company has its office located in Miami, Singapore, San Francisco, Amsterdam, and Melbourne, with an employee strength of 200.

PC: Pablo, Unsplash

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details
Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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