AXA Venture Partners backs fraud prevention platform NS8
NS8 has raised $123 million in venture funding led by Lightspeed Venture Partners and AXA Venture Partners bringing its total funding to date to $157.8 million.
Founded in 2016 and headquartered in Las Vegas, with regional offices located in San Francisco, San Ramon, Miami, Amsterdam, Singapore, and Melbourne, NS8 is a fraud prevention platform that combines behavioral analytics, real-time scoring, and global monitoring to help online businesses minimize risk. Its patented scoring technology provides actionable data about the type, quality, and trustworthiness of transactions, which businesses leverage to automate fraud management workflows to suit their individual needs.
“NS8 has built a market-leading fraud detection and prevention platform combining advanced data analytics with real-time scoring. NS8’s rapid growth is a testament to the strength of the company’s product and the value NS8 delivers to its customers. We are excited to partner with Adam and the NS8 team to scale the business globally.” – Alex Scherbakovsky, General Partner at AXA Venture Partners and NS8 board member.
“Online fraud prevention has grown rapidly due to the acceleration of e-commerce adoption by merchants and, with it, an increased threat of those seeking to attack online stores. Merchants of all sizes need to invest in security products to ensure a safe and secure online experience. NS8’s platform allows its partners and their merchants to stand up a full-service fraud prevention hub, in a matter of a day, across almost every e-commerce platform. The time to value is simply best in class.” – Bradley Twohig, Partner at Lightspeed Venture Partners.