NsKnox, a provider of B2B payment security, disclosed this week that it has raised USD 17 million in a new round of funding, bringing the total amount raised by the company to USD 35.6 million.
New investors Link Ventures and Harel Insurance and Finance took the lead in the new funding round. Microsoft’s M12 and Viola Ventures, who had previously invested, also took part. Alon Cohen, the CEO and founder of NsKnox, also took part.
The 2016-founded Israeli company secures outbound and inbound payments using proprietary technologies, such as Cooperative Cyber Security (CCS) and Bank Account Certificate, to help businesses prevent fraud and safeguard B2B transactions.