Forter is a New York company that uses machine learning to detect and block ecommerce fraud in real time[1]. The company operates within the New York artificial intelligence sector[1].
Alumni 1 went on to found or lead
- Laura JorgensGlobal Director of Strategic Partnerships→Vice President of Strategic Partnerships at Prove
Funding history
- Forter raised $525 million in total funding from investors including Sequoia Capital, Scale Venture Partners, New Enterprise Associates, March Capital Partners and Salesforce Ventures.[4]
Traction
- Forter's customers page claimed a 72% average reduction in chargeback rates, a 46% average reduction in false declines, and 99% of decisions delivered in under one second.[5]
NYC headquarters
- Forter listed New York first among its worldwide offices, at 575 5th Ave., 29th Floor, New York, NY 10017, alongside Denver, Tel Aviv, London and Singapore.[2]
Founded
- Forter was founded in 2013 by Michael Reitblat, Liron Damri and Alon Shemesh, and is headquartered in Tel Aviv and New York City.[3]
Backers
NEA
New Enterprise Associates, a venture capital firm investing in technology and healthcare from seed through IPO, with offices including Menlo Park.
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