White Ops, a developer of bot mitigation and fraud protection technology, has collected an investment from Goldman Sachs Merchant Banking Division and ClearSky Security.
The funds will support White Ops next phase of growth which includes global expansion. Capital will also be used to support product development and move into new verticals.
The cybersecurity platform White Ops verifies the humanity of over five trillion interactions each week to uncover illicit activity online. Criminals use sophisticated bot attacks which live on consumer an enterprise devices, sharing browsing history and habits to cause tens of billions of dollars of fraud each year, White Ops claims.
White Ops solution uses an algorithm to detect and prevent the bot populations for working.
There are three products on offer. The first is the application integrity solution which protects enterprise from fraud and abuse of applications including takeover attacks, automated account creation, and web scraping.
The second solution is advertising integrity, which protects from fraud and abuse in online media and advertising.
Finally, the marketing integrity solution protects from fraud and abuse in performance marketing, user acquisition and lead generation.
White Ops CEO and co-founder Tamer Hassan said, “Goldman Sachs and ClearSky are ideal partners to support our growth across multiple markets, use cases and geographies.
“Their investment in the Company and support of our mission to disrupt the economics of cybercrime puts us in an incredibly strong position to extend our leadership and execute on our vision for the collective protection against fraud and abuse.”
Copyright © 2018 RegTech Analyst
