Forter raises $125 million at a $1.3 billion valuation to combat ecommerce fraud with AI

Forter, an automated fraud detection platform for ecommerce, has raised $125 million in a series E round that values the company at over $1.3 billion. The raise comes as ecommerce transactions surge under pandemic-driven lockdowns. But the throngs of people jumping online to shop have opened the floodgates to fraud. Recent data suggests digital fraud attacks have doubled in 2020, while the U.K. reported that financial fraud attempts rose by up to a third as the country entered lockdown.

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Ushur raises $25 million to automate customer service workflows

Ushur, a startup developing conversational AI and workflow automation solutions for businesses, raised $25 million.

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