Security Experts:

Bolster Raises $15 Million to Tackle Fakes and Frauds

California startup Bolster, Inc. has raised $15 million in venture capital funding to build a fraud prevention platform for businesses.

The early-stage funding round was led by Cervin, Liberty Global Ventures, and Cheyenne Ventures with participation from previous investors Thomvest Ventures and Crosslink Capital.  

Bolster has so far raised approximately $40 million to build technology to automate the discovery of online fraud and counterfeit activity targeting global brands.  

The company and its investors are betting there are profits in the automated digital risk protection category.  Bolster says its tools can be used to detect, monitor, and take down fraudsters on the Internet at a fraction of the time and operational cost of alternative options.

Bolster’s platform offers capabilities for domain monitoring and takedowns, social media tracking and takedowns, and the monitoring of app stores for brand infringements.

The company lists Dropbox, LinkedIn, and Uber among its customer base.

Related: Anti-Bot Fraud Detection Firm HUMAN Snags $100M Investment 

Related: AWS Fraud Detection Service Becomes Generally Available

Related: HUMAN Security and PerimeterX Merge on Mission to Combat Bots

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Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. Ryan is a veteran cybersecurity strategist who has built security engagement programs at major global brands, including Intel Corp., Bishop Fox and GReAT. He is a co-founder of Threatpost and the global SAS conference series. Ryan's past career as a security journalist included bylines at major technology publications including Ziff Davis eWEEK, CBS Interactive's ZDNet, PCMag and PC World. Ryan is a director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world. Follow Ryan on Twitter @ryanaraine.