Cybersecurity Funding

B2B Payment Security Firm NsKnox Raises $17 Million

B2B payment security provider NsKnox raised $17 million in a new funding round that brings the total raised by the company to $35.6 million.

Ionut Arghire

January 19, 2023

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.

Written By Ionut Arghire

Ionut Arghire is an international correspondent for SecurityWeek.

Latest News

Click to comment

Application Security Protection for the Masses

While there are many routes to application security, bundles that allow security teams to quickly and easily secure applications and affect security posture in a self-service manner are becoming increasingly popular.

Joshua Goldfarb

Dealing With the Carcinization of Security

Varied viewpoints as related security concepts take on similar traits create substantial confusion among security teams trying to evaluate and purchase security technologies.

Marc Solomon

Stop, Collaborate and Listen: Disrupting Cybercrime Networks Requires Private-Public Cooperation

No one combatting cybercrime knows everything, but everyone in the battle has some intelligence to contribute to the larger knowledge base.

Derek Manky

How the Atomized Network Changed Enterprise Protection

Our networks have become atomized which, for starters, means they’re highly dispersed. Not just in terms of the infrastructure – legacy, on-premises, hybrid, multi-cloud, and edge.

Matt Wilson

Mapping Threat Intelligence to the NIST Compliance Framework Part 2

How threat intelligence is critical when justifying budget for GRC personnel, and for threat intelligence, incident response, security operations and CISO buyers.

Landon Winkelvoss

Application Security

Source Code Security Firm Cycode Launches With $4.6 Million in Funding

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Eduard KovacsSeptember 24, 2019