Venture Capital

Forter Raises $125 Million At A $1.3B Valuation To Combat Ecommerce Fraud With Ai

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Forter, an automated ecommerce fraud detection platform, has raised $125 million at a valuation of more than $1.3 billion. : Forter, an automated fraud detection platform for ecommerce, has raised $125 million in a series E round that values the company at over $1.3 billion. The raise comes as ecommerce transactions surge under pandemic-driven lockdowns. But the throngs of people jumping online to shop have opened the floodgates to fraud. Recent data suggests digital fraud attacks have doubled in 2020, while the U.K. reported that financial fraud attempts rose by up to a third as the country entered lockdown.

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