Corporate payment protection start-up nsKnox has raised $15m in a Series A investment round, as it plans the global expansion of its service platform.
The round was led by Viola Ventures and the venture arm of tech giant Microsoft, M12. The pair were also joined in the round by Discount Capital and previous seed investors.
nsKnox’s real-time platform helps organizations defend against cyber-fraud, internal fraud, social engineering and data manipulation during payment transactions.
The platform allows for the validation of payment authenticity, verify senders and receivers, as well as identify and prevent manipulations.
nsKnox has planned to use the funding to expand its customer base globally and develop its tech platform.
“We are committed to creating an impenetrable line of defense against corporate payment fraud,” said nsKnox founder & executive chairman Alon Cohen.
“This financing round is a tremendous milestone, helping us realize our vision of protecting corporate payments with our entirely new Cooperative Cyber Security paradigm. The bad guys are working together – so should the good guys. That’s what nsKnox is all about.”
Earlier this year, Viola Ventures joined other investors in $6m funding round for data and analytics platform for commercial real estate CrediFi.
M12 recently invested in a $35m funding round for WhiteSource, a provider of open source security management.
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