Forter raises $125 million at a $1.3 billion valuation to combat ecommerce fraud with AI

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.”

Forter raises $125 million at a $1.3 billion valuation to combat ecommerce fraud with AI
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