Microsoft's M12, Viola Ventures leads $15M investment in nsKnox
Cyber security firm nsKnox, which specializes in protecting corporate payment transactions, said it raised $15 million in Series A funds led by Viola Ventures and Microsoft's M12 Venture Fund, according to a company release.
Discount Capital, the investment arm of Israeli Discount Bank, participated in the round, along with other previous investors.
The funding will be used to further expand the customer base globally and further develop its corporate payment protection platform.
"We are committed to creating an impenetrable line of defense against corporate payment fraud," said Alon Cohen, founder and executive chairman of the company, in a company announcement. "This financing round is a tremendous milestone, helping us realize our vision of protecting corporate payments with our entirely new Corporate Cyber Security paradigm."
Viola Ventures, which was an early seed investor in the nsKnox, said it welcomed the addition of M12 to the family of companies backing the security firm.
"Their innovative distributed and cooperative approach addresses the massive problem of payment fraud by leveraging the independent security practices of multiple trusted entities, making it exponentially harder for hackers to penetrate," said Omry Ben David, partner at Viola Ventures.