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NsKnox develops advanced fraud prevention technology designed to secure corporate B2B payments. The company’s solutions focus on detecting and mitigating various forms of financial fraud, including those originating from internal and external sources. By leveraging specialized technology, NsKnox helps both corporations and financial institutions ensure compliance and safeguard their payment processes against sophisticated threats.
The company was founded in 2016 by Alon Cohen and Richard Turner. Alon Cohen previously held the position of Founder and CEO at CyberArk, bringing substantial cybersecurity leadership to his new venture. Their insight stemmed from a recognition of significant vulnerabilities within existing corporate payment systems, which necessitated a dedicated and robust security approach to protect financial transactions.
NsKnox’s product serves a client base primarily comprising corporations and banks that seek to fortify their payment ecosystems. The company’s long-term vision centers on enabling organizations to conduct their financial operations with heightened security and assurance, thereby preventing monetary losses and fostering trust in digital payment infrastructures.
NsKnox has raised $32.0M across 2 funding rounds.
NsKnox has raised $32.0M in total across 2 funding rounds.
nsKnox is a fintech-security company specializing in fraud prevention and compliance solutions for B2B payments, serving corporations and banks. Its flagship product suite, PaymentKnox™, offers end-to-end protection for financial transactions by automating bank account validation and securing accounts payable (AP) and accounts receivable (AR) processes. nsKnox’s technology addresses critical risks such as social engineering, business email compromise (BEC), insider fraud, and advanced persistent fraud attacks, helping organizations avoid significant financial losses, regulatory fines, and reputational damage[1][4].
Founded by Alon Cohen, former CEO of CyberArk, nsKnox leverages patented Cooperative Cyber Security™ (CCS) and Bank Account Certificate™ technologies to create a cooperative defense model that enhances security by combining capabilities across multiple organizations and networks. This approach positions nsKnox as a key player in the evolving landscape of corporate payment security, with growing adoption reflected in its $32 million total funding and expansion in both the U.S. and Israeli markets[1][3].
nsKnox was founded in 2016 by Alon Cohen, a cybersecurity veteran known for founding and leading CyberArk, a publicly traded cybersecurity firm. The idea for nsKnox emerged from the increasing sophistication of cyber threats targeting corporate finance operations, which traditional security measures struggled to address effectively. Recognizing the need for a cooperative and automated approach to payment fraud prevention, Cohen and his team developed nsKnox’s patented Cooperative Cyber Security™ platform and Bank Account Certificate™ technology to provide robust, verifiable protection for B2B payments[1][2][3].
Early traction came from securing major corporate clients and banks, validating the demand for automated, scalable fraud prevention solutions in the fintech space. The company’s innovative approach attracted significant venture capital, including a $15 million Series A round led by Viola Ventures and Microsoft’s M12 fund, fueling its growth and product development[3].
nsKnox rides the critical trend of increasing cybersecurity demands in financial technology, particularly in the B2B payments sector, where fraud losses and regulatory scrutiny are escalating globally. The timing is crucial as digital transformation accelerates corporate payment automation, creating new vulnerabilities that traditional security tools cannot fully address. nsKnox’s cooperative security model and automated validation technology align with market forces pushing for stronger, scalable, and compliance-friendly fraud prevention solutions.
By enabling secure and compliant B2B payments, nsKnox influences the broader fintech ecosystem by reducing systemic risks, fostering trust between corporations and banks, and promoting adoption of automated security standards. Its innovations contribute to the maturation of payment security, encouraging other players to adopt cooperative and technology-driven approaches to fraud prevention[1][4].
Looking ahead, nsKnox is poised to expand its footprint in both corporate and banking sectors, leveraging its patented technology to capture a larger share of the growing B2B payment security market. Trends such as increased regulatory requirements, rising cybercrime sophistication, and the shift toward automated financial operations will shape its journey.
Future developments may include deeper integration with banking platforms, enhanced AI-driven fraud detection, and expansion into new geographies. nsKnox’s cooperative security approach could set new industry standards, potentially influencing regulatory frameworks and encouraging broader ecosystem collaboration. Its continued innovation and strategic partnerships will be key to maintaining momentum and expanding its influence in fintech security[1][3][4].
NsKnox has raised $32.0M in total across 2 funding rounds.
NsKnox's investors include Cisco Investments, Alon N. Cohen, Tomer Goldberg, Lisa Dolan, M12, Viola Ventures, Lior Litwak, Omry Ben David, Aleph VC, Glilot Capital Partners, Discount Capital.
NsKnox has raised $32.0M across 2 funding rounds. Most recently, it raised $17.0M Series B in January 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2023 | $17.0M Series B | Cisco Investments, Alon N. Cohen, Tomer Goldberg, Lisa Dolan, M12, Viola Ventures | |
| Feb 1, 2019 | $15.0M Series A | Lior Litwak, Omry Ben David | Aleph VC, Glilot Capital Partners, Viola Ventures, Discount Capital |