B2B payment security provider NsKnox this week announced that it has raised $17 million in a new funding round that brings the total raised by the company to $35.6 million.
The new investment round was led by new investors Link Ventures and Harel Insurance and Finance, with participation from previous investors Microsoft’s M12 and Viola Ventures. NsKnox founder and CEO Alon Cohen also participated.
Founded in 2016, the Israeli company helps enterprises prevent fraud and protect B2B transactions by securing outbound and inbound payments using proprietary technologies, including Cooperative Cyber Security (CCS) and Bank Account Certificate.
NsKnox says its solutions can identify and mitigate finance and ops infrastructure attacks, business email compromise (BEC), insider fraud, social engineering, and other types of fraud attacks.
The fintech security company also provides organizations with account validation through its PaymentKnox end-to-end payment security platform, to verify the identity of senders and receivers and prevent transaction manipulation.
NsKnox says it will use the new funds to expand its product portfolio to corporations and banks, and to scale its go-to-market infrastructure.