Forter Raises $15M In Series B Funding

November 12, 2014 | The fraud protection service developer Forter announced that it raised $15 million in Series B funding from New Enterprise Associates and Sequoia Capital. The two investors also participated in the inauguration of Forter’s new R&D center in Tel Aviv, which hopes to address growing concerns of e-commerce fraud. According to some reports, e-commerce fraud has nearly doubled in recent years, resulting in nearly $5 billion losses for online merchants. Forter has developed a fraud prevention solution, offering a real-time decision engine for online merchants.