Forter

Automated Fraud Prevention Platform

E-Commerce, Fintech, Fraud Prevention
Machine Learning

Business Overview

Forter has developed a fully automated fraud-prevention platform that avoids a cumbersome verification process for customers. The companys triple-layered technology observes models and anomalies in online user behavior, learning from every transaction to distinguish between authenticity and fraud, producing an immediate approve/decline decision. Forter was named Cool Vendor in 2016 by the Gartner Research Group.

Operating Status
Active
Founded
February 2013
Employees
255
Business model
B2B
Offering type
Software
Funding stage
Series E
Business stage
Launched
Revenue status
Revenue Generating
Total funding
$225 Million
Sectors
E-Commerce, Fintech, Fraud Prevention, Transactions

Founders

Forter
Michael Reitblat
CEO
Forter
Alon Shemesh
Chief Analyst
Forter
Liron Damri
COO

Funding Rounds

Calculated as the average ratio between the current funding round amount raised and the previous funding round amount raised. Note that 'plus' rounds are summed together. i.e. Series A = Series A and Series A+.
Funding Growth Multiple
2.8x

New wpDataTable

Date Announced

Funding Round

Amount Raised

Investors

AI Technology Stack

AI Description

Forter’s machine learning technology combines advanced cyber intelligence with behavioral and identity analysis to create a multi-layered fraud detection mechanism that learns from every transaction, tailoring itself swiftly to a particular merchant’s risk profile.

AI employees
11
AI types
Machine Learning

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