NSKnox, a B2B payments security firm, has recently raised $17 million in its Series A funding round. As businesses increasingly transition to digital payments and process billions of dollars in transactions every year, cybersecurity problems are becoming an even greater problem. NSKnox aims to provide secure and structured payment solutions for enterprises, and the new funding will allow them to realize their goals.
NSKnox’s security technology utilizes artificial intelligence (AI) and machine-learning algorithms to automatically detect and stop fraudulent activity in real time. It also provides customers with the tools to easily manage their B2B payments, protect their data, and stay compliant with regulations. Additionally, their platform integrates with existing payment networks, making it easy and seamless to set up and manage secure payments.
The new funding will enable NSKnox to expand its operations, strengthen its sales and marketing efforts, and accelerate product development. As the need for secure payments and fraud detection increases, NSKnox hopes to be at the forefront of the digital payments industry and ensure businesses are properly protected.
With NSKnox’s new funding, both startups and established businesses can rest assured that their online payments will remain safe. The company is well-positioned to provide the necessary security and standards to help businesses stay ahead in the rapidly-evolving digital marketplace.
This Cyber News was published on www.securityweek.com. Publication date: Sun, 22 Jan 2023 10:48:00 +0000