Forter

Company Overview

Snapshot

Founded in February 2013 by Michael Reitblat and Liron Damri, Forter is a Cyber Security company with over 700 employees. The company has raised $525 million across 7 funding rounds from 19 investors. In February 2024, Forter achieved AWS Advanced Technology Partner status, enhancing its visibility and integration within the AWS Marketplace.

Business overview

Forter develops a fully automated fraud-prevention platform that leverages triple-layered technology to observe models and anomalies in online user behavior. This platform learns from every transaction to distinguish between authenticity and fraud, providing immediate approve/decline decisions without cumbersome verification processes. The company operates in the Cyber Security sector, serving markets within digital commerce and e-commerce platforms, and utilizes artificial intelligence, machine learning, and deep learning in its core technology.

Strategic signal

In February 2024, Forter achieved AWS Advanced Technology Partner status, a significant validation of its fraud prevention capabilities. This partnership enhances Forter's market reach by integrating its solutions into the AWS Marketplace and the Independent Software Vendor (ISV) Accelerate Program, signaling strong growth potential and increased enterprise adoption for its identity intelligence platform.

Company Intelligence Q&A

What was a significant recent partnership for Forter?

In February 2024, Forter achieved AWS Advanced Technology Partner status, which boosts its visibility in the AWS Marketplace and integrates it into the Independent Software Vendor (ISV) Accelerate Program, expanding its global reach for fraud prevention solutions.

What new solution did Forter launch in January 2024?

In January 2024, Forter launched its next-generation Abuse Prevention solution, which includes. This tool allows merchants to identify and block policy abuse through custom, self-service policies and simulations, providing greater control and visibility.

What recognition did Forter receive in June 2023?

In June 2023, Forter was recognized as a leader in the Frost & Sullivan Radar Report for Fraud Detection and Prevention for the third consecutive year, highlighting its innovation and growth in the digital commerce trust platform space.

What was the strategic impact of Forter's acquisition in January 2023?

In January 2023, Forter acquired Immue to enhance its bot detection capabilities. This acquisition strengthens Forter's fraud prevention platform by addressing the growing threat of sophisticated bot attacks in digital commerce.

What was Forter's valuation and funding round in May 2021?

In May 2021, Forter raised $300 million in a Series F funding round, which valued the company at $3 billion. This round included investment from Tiger Global Management and Bessemer Venture Partners.