Total raised
$525.0M
Last: Secondary 2022-01
Stage
Series F
Founded
2013
Headcount
755
HQ
Tel Aviv-Yafo
Sector
Cyber Security
About
Forter has developed a fully automated fraud-prevention platform that avoids a cumbersome verification process for customers. The companys triple-layered technology observes models and anomalies in online user behavior, learning from every transaction to distinguish between authenticity and fraud in order to produce an immediate approve/decline decision. The company was named a cool vendor in Cool Vendors in UEBA, Fraud Detection, and User Authentication, 2016 by the Gartner Research Group. In addition, the company was on the Forbes Fintech 50 list of 2018 and was named one of Fast Companys Top 10 Most Innovative Companies for 2018.
Funding history · 7 rounds · $525.0M total
2022-01
Secondary
Undisclosed
2021-05
Series F
$300.0M
2020-11
Series E
$125.0M
2018-09
Series D
$50.0M
2016-04
Series C
$32.0M
2014-11
Series B
$15.0M
2014-03
Series A
$3.0M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- When was Forter founded and what was its initial focus?
- Forter was founded in February 2013 in Tel Aviv-Yafo, Israel, and developed a fully automated fraud-prevention platform.
- What was Forter's first significant funding round?
- In March 2014, Forter raised $3 million in its Series A funding round, with Sequoia Capital as an investor.
- What recognition did Forter receive from Gartner in 2016?
- In May 2016, Forter was named a 'Cool Vendor in UEBA, Fraud Detection, and User Authentication' by the Gartner Research Group.
- What was a key operational milestone Forter achieved in June 2019?
- In June 2019, Forter achieved a milestone of processing $100 billion in transactions.
- When did Forter achieve unicorn status and what was its valuation at that time?
- In November 2020, Forter gained unicorn status following its Series E funding round, which raised $125 million with Bessemer Venture Partners as a lead investor.
- What was Forter's valuation after its Series F funding round in May 2021?
- In May 2021, Forter raised $300 million in its Series F round, achieving a $3 billion valuation.
- What was a notable change in Forter's work week policy in July 2021?
- In July 2021, Forter adopted a four-day work week every second week.
- When did Forter appoint Eran Vanounou as Chief Technology Officer?
- In September 2022, Forter appointed Eran Vanounou as Chief Technology Officer.
- What new solution did Forter launch in October 2022?
- In October 2022, Forter launched 'Smart Claims' to combat chargeback fraud and increase win rates.
- What significant partnership did Forter announce in March 2023?
- In March 2023, Forter announced a new partnership to bring its fraud prevention solution to Wix Merchants.
Sectors & technology
Primary sector
Cyber Security
Sub-sectors
Fintech & InsurtechCyber SecurityIdentity Security
Technologies
Data StorageCDNPlatforms & InterfacesAPIArtificial IntelligenceNatural Language ProcessingDeep LearningMachine Learning
Target customers
Commerce & RetailConsumer GoodsDistribution ChannelseCommerce Platforms
Business model
B2B
Highlights
1 PatentsVerified
Tags
big-data-analyticsbehavior-analyticstransactionsonline-retailerscyber-securitypaymentsunicorn-2020artificial-intelligenceidentity-verificationecommercemachine-learninganti-fraudfintech