Arkose Labs
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| ISIN | 🆔 |
|---|---|
| Founded 📆 | 2016 |
| Founder 👔 | |
| Headquarters 🏙️ | San Mateo, California, U.S. |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Arkose Labs[edit]
San Mateo-based Arkose Labs™ makes technology to detect and prevent online fraud by protecting consumers from attacks like account takeover, scraping, and fake account creation.[1] Industries served include technology, fintech, gaming, e-commerce/retail, social media, and travel segments. "[1]
Its investors include PayPal, Sony Innovation Fund, US Venture Partners, M12, Wells Fargo Strategic Capital, and SoftBank Vision Fund 2. "[1]
Arkose Labs maintains offices in Brisbane and Sydney, Australia; San Jose, Costa Rica; and London, U.K. "[1]
History[edit]
Kevin Gosschalk and Matthew Ford launched Arkose Labs in 2016 in Brisbane, Australia.[2] In 2017, the company raised $1 million in pre-Series A funding and moved its headquarters to San Francisco. [3]
CNBC selected the company for its Upstart 100 List in 2019. [4]
Arkose Labs also won Best of Show at its Finovate debut at FinovateSpring 2019 “for its technology that solves multi-million-dollar fraud problems for the world’s most targeted businesses with zero impact to user conversion.”[5]
In March 2020, Arkose raised $22 million in Series B funding led by Microsoft’s M12 venture fund. [6] It planned to use the funding to “empower its fight to bankrupt the business of online fraud and abuse.” "[6]
In May 2021, Arkose Labs raised another $70 million in a funding round led by SoftBank Vision Fund 2 and Wells Fargo Strategic Capital, bringing its total capital raised to $114 million. [7] It planned to use the funding for platform development, new hires, and global expansion. "[7]
Fast Company named Arkose Labs to its “Next Big Things in Tech 2021” list in the AI & Data category “for foiling both human fraudsters and bots at scale.”[8]
In 2021, the company had doubled in size and also begun work in the Metaverse security space.[9] The company also began work in the metaverse security space. "[9] In August 2021, Arkose Labs announced a warranty for losses up to $1 million against credential stuffing attacks. [10]
Fast Company named Arkose Labs to its “Next Big Things in Tech 2021” list in the AI & Data category “for foiling both human fraudsters and bots at scale.”[8] It was also named the 83rd fastest-growing company in North America on the “2021 Deloitte Fast 500” ranking based on a three-year audited growth rate of 2,010%.[11]
In January 2022, Arkose Labs hired Brett Johnson, a 39-count convicted fraudster who ran the pre-darknet criminal forum ShadowCrew, as its first chief criminal officer.[12] Johnson was hired to help shape intelligence-gathering strategies to generate insights to help make fraud efforts less lucrative for bad actors. [13]
In May 2022, the Banking Tech Awards USA 2022 named the Arkose Labs Fraud Deterrence Platform its winner in the “Tech of the Future” category.[14]
Technology[edit]
The cloud-based Arkose Labs platform is designed to disrupt the economic model of fraud by taking fraudsters’ financial return-on-attack to zero. [15] Its patented platform combines fraud and bot detection with an adaptive step-up challenge. "[15] The system accurately identifies bad actors, while the adaptive step-up wears them down and diminishes their ROI without adding friction for legitimate consumers. "[15]
Arkose Detect is a fraud detection solution designed to provide legitimate users with a streamlined experience.[16]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 "Fraud prevention firm Arkose Labs raises $70M". venturebeat.com. 29 June 2022. Retrieved June 29, 2022.
- ↑ "Arkose Labs Raises $22M For Anti-Fraud Platform After 400% Revenue Growth in 2019". crunchbase. 29 June 2022. Retrieved June 29, 2022.
- ↑ "FunCaptcha Raises $1M in Pre-Series A Funding Round". finsmes. 29 June 2022. Retrieved June 29, 2022.
- ↑ "100 of the world's most promising start-ups to watch in 2019". CNBC.com. 29 June 2022. Retrieved June 29, 2022.
- ↑ "FinovateSpring 2019: Best of Show winners unveiled". fintechfutures.com. 29 June 2022. Retrieved June 29, 2022.
- ↑ 6.0 6.1 "Arkose Labs Notches $22M In Microsoft Venture Fund-Led Round". pymnts.com. 29 June 2022. Retrieved June 29, 2022.
- ↑ 7.0 7.1 "Fraud prevention firm Arkose Labs raises $70M". venturebeat.com. 29 June 2022. Retrieved June 29, 2022.
- ↑ 8.0 8.1 "NEXT BIG THINGS IN TECH 2021". fastcompany.com. 29 June 2022. Retrieved June 29, 2022.
- ↑ 9.0 9.1 "Trying to do business with your customers, securely, online? This metaverse security CEO might know something". verdict.co.uk. 29 June 2022. Retrieved June 29, 2022.
- ↑ "Arkose Labs reveals warranty against credential stuffing". thepaypers.com. 29 June 2022. Retrieved June 29, 2022.
- ↑ "What Banks Can Learn from Gaming Companies about Security in the Metaverse". eweekuk.com. 29 June 2022. Retrieved June 29, 2022.
- ↑ "'It's not a gimmick': Arkose Labs announces 'chief criminal officer'". scmagazine.com. 29 June 2022. Retrieved June 29, 2022.
- ↑ "A Chat with Kevin Gosschalk, CEO and Founder at Online Fraud Prevention Company: Arkose Labs". techround.co.uk. 29 June 2022. Retrieved June 29, 2022.
- ↑ "Congratulations to the Banking Tech Awards USA 2022 winners!". fintechfutures.com. 29 June 2022. Retrieved June 29, 2022.
- ↑ 15.0 15.1 15.2 "Fraud prevention firm Arkose Labs raises $70M". venturebeat.com. 2 September 2022. Retrieved August 29, 2022.
- ↑ "Best of Show Winner Arkose Labs Launches New Fraud Detection Solution, Arkose Detect". finovate.com. 29 June 2022. Retrieved June 29, 2022.
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