ThreatMark has always been dedicated to ensuring that people feel secure in their online transactions. In line with this mission, they are thrilled to announce a major step forward: securing $23 million in a funding round led by Octopus Ventures, Riverside Acceleration Capital, and Springtide Ventures.

This investment highlights a shared determination to protect individuals from the rising threat of online fraud. As global losses from online fraud reached $486 billion in 2023, ThreatMark remains focused on helping financial institutions secure their customers while offering seamless and safe digital experiences.

“This investment is a strong endorsement of ThreatMark’s position and will help accelerate their growth. They are committed to leveraging the support of Octopus Ventures and RAC to further their mission of protecting people and their transactions, as well as intensifying efforts to disrupt fraudsters,” said Michal Tresner, CEO of ThreatMark.

This new funding will fuel further innovation in their AI-powered solutions, enabling them to enhance the tools available to financial institutions of all sizes. Their objective is to make fraud prevention accessible, effective, and seamless for the customers it safeguards.