The anti-fraud platform developer boosted its total funding to $36m in a round led by Microsoft's M12 unit and backed by existing investor PayPal.

Software provider Microsoft led a $22m series B round for Arkose Labs, a US-based provider of online fraud prevention technology, on Tuesday through corporate venture capital subsidiary M12. Digital payment processor PayPal and venture capital firm US Venture Partners (USVP) also participated in the round, which lifted the company‚Äôs overall funding to $36m. Arkose has…

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