NS8, a U.S.-based online fraud detection and prevention for small-and-medium-sized businesses (SMEs), announced on Wednesday it secured $123 million through its Series A funding round, led by Lightspeed Venture Partners with additional backing from AXA Venture Partners.
Founded in 2016, NS8 stated it safeguards online businesses against advertising fraud, transaction fraud, and poor site performance. The company revealed:
“NS8 protects against threats and offers better insight into real customers by utilizing behavioral analytics, real-time user scoring, and global monitoring. Available through easy-to-install plugins on multiple platforms, our solutions empower merchants to quickly minimize risk, better automate fraud management and realize savings throughout the customer lifecycle.”
NS8 further reported that that investment allows it to continue to accelerate product development and make significant hires in sales, engineering, marketing, and infrastructure. While speaking about the funding round, CEO of NS8, Adam Rogas, added:
“Thanks to this investment from Lightspeed, AXA Venture Partners, and our full backing group, we can continue to scale to meet the growing demand for fraud prevention technology in the global marketplace. This partnership positions NS8 to empower even more businesses with enterprise-level fraud defenses, regardless of size or industry.”