Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Audits

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.  

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, Booking.com and Uber among its customer base.

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

Advertisement. Scroll to continue reading.

Related: AWS Fraud Detection Service Becomes Generally Available

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

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.

Register

Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.

Register

Expert Insights

Related Content

Application Security

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

Vulnerabilities

Less than a week after announcing that it would suspended service indefinitely due to a conflict with an (at the time) unnamed security researcher...

Cyberwarfare

WASHINGTON - Cyberattacks are the most serious threat facing the United States, even more so than terrorism, according to American defense experts. Almost half...

Data Breaches

OpenAI has confirmed a ChatGPT data breach on the same day a security firm reported seeing the use of a component affected by an...

Data Protection

The cryptopocalypse is the point at which quantum computing becomes powerful enough to use Shor’s algorithm to crack PKI encryption.

Cybercrime

The changing nature of what we still generally call ransomware will continue through 2023, driven by three primary conditions.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Artificial Intelligence

The CRYSTALS-Kyber public-key encryption and key encapsulation mechanism recommended by NIST for post-quantum cryptography has been broken using AI combined with side channel attacks.