About
Forter provides real-time fraud prevention using AI to verify consumer identity across digital commerce. Valued at $3B after raising $525M from Tiger Global, Bessemer, and Sequoia. Processes $1T+ in transactions with 1.5B identities in its network. Serves 10K customers including Nordstrom, Sephora, Adobe, SHEIN, and Instacart. Founded by ex-PayPal Fraud Sciences engineers. Revenue reached $103M in 2024.
Key Facts
- [1]Founded: Founded in 2013 in New York, United States.
- [2]Funding: Total funding: $525M. Last round: May 2021. Stage: Late Stage.
- [3]Customers: Key customers include Nordstrom, Priceline.
- [4]Employees: Employee count: 201-500.
- [5]Website: Official website: forter.com.
- [6]AI Technology: Core AI/ML technologies: Predictive ML.
- [7]Region: Region: Americas (United States).
Founders
Michael Reitblat
Co-founder & CEO
Liron Damri
Co-founder & COO
Alon Shemesh
Co-founder & CTO
Key Customers & Partners
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Forter?
Forter provides real-time fraud prevention using AI to verify consumer identity across digital commerce. Valued at $3B after raising $525M from Tiger Global, Bessemer, and Sequoia. Processes $1T+ in transactions with 1.5B identities in its network. Serves 10K customers including Nordstrom, Sephora, Adobe, SHEIN, and Instacart. Founded by ex-PayPal Fraud Sciences engineers. Revenue reached $103M in 2024. Forter is classified in the Risk & Compliance segment at the Models layer of the financial AI stack.
Who founded Forter?
Forter was founded by Michael Reitblat (Co-founder & CEO), Liron Damri (Co-founder & COO), and Alon Shemesh (Co-founder & CTO) in 2013 in New York, United States. The company has been operating for 13 years.
How much funding has Forter raised?
Forter has raised $525M in total funding, placing the company at the Late Stage stage. The most recent round closed in May 2021. Among 74 funded Risk & Compliance companies, Forter ranks #11 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Forter use?
Forter primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Risk & Compliance segment, 42 companies use this technology.
What market segment does Forter operate in?
Forter operates in the Risk & Compliance market segment. AI risk and compliance companies protect financial institutions from fraud, money laundering, identity theft, and regulatory violations. This is one of the largest and most critical segments in the AI finance landscape, as the cost of financial crime and non-compliance runs into the hundreds of billions annually.
Where is Forter headquartered?
Forter is headquartered in New York, United States. The company operates in the Americas region. The team consists of 201-500 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Forter's competitors?
Companies similar to Forter in the Risk & Compliance space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does Forter offer?
Forter builds models-layer solutions for the financial services industry. The company's core offering: AI identity and fraud prevention. The platform is powered by Predictive ML technology. Notable users include Nordstrom, Priceline.