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HomeBankingArkose Labs: Raised $22M In Microsoft Venture Fund-Led Round

Arkose Labs: Raised $22M In Microsoft Venture Fund-Led Round

Date:

Arkose Labs: Raised $22M In Microsoft Venture Fund-Led Round

  • The Microsoft fund, dubbed M12, joins existing investors PayPal and U.S. Venture Partners
  • Arkose said the new funding will empower its fight to bankrupt the business of online fraud and abuse
  • The new round of funding will go toward platform development, new hires and global expansion, Arkose said
  • Earlier this month, Arkose reported a 30 percent increase in attacks on gaming platforms in the first quarter of 2020
  • Arkose found most of that growth stems from new account registration attacks, which increased more than 70 percent
  • Arkose found the attacks on gaming platforms grew especially for logins and payments

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