Forter Stock

Forter just closed an oversubscribed $300M round of venture capital to further expand its business of detecting fraud in online transactions via machine learning. Tiger Global Management, a prolific Silicon Valley firm, led the Series F funding round.

E-commerce is on the rise, but that also means the risk, and occurrence, of e-commerce fraud is, too. Now, Forter, one of the startups building a business to tackle that malicious activity, has closed $300 million in funding — a sign both of the size of the issue and its success in tackling i…