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ns8.com

Founded Year

2016

Stage

Series A | Alive

Total Raised

$156.55M

Valuation

$0000 

Last Raised

$123M | 2 yrs ago

About NS8

NS8 is an eCommerce company that provides abuse, fraud, and user experience protection tools. The company uses behavioral analytics, real-time user scoring, and global monitoring to optimize and protect against threats, which give eCommerce merchants insight into their real customers.

NS8 Headquarter Location

241 W Charleston Blvd

Las Vegas, Nevada, 89102,

United States

888-453-5291

ESPs containing NS8

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / Cybersecurity

Within this market are companies that verify customers’ online identities to prevent account hijacking and fraudulent transactions while maintaining a seamless user experience.

NS8 named as Outperformer among 6 other companies, including Kount, Signifyd, and Forter.

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Research containing NS8

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned NS8 in 4 CB Insights research briefs, most recently on Aug 24, 2021.

Expert Collections containing NS8

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

NS8 is included in 5 Expert Collections, including E-Commerce.

E

E-Commerce

9,823 items

P

Payments

2,323 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

C

Conference Exhibitors

5,302 items

C

Cybersecurity

5,100 items

F

Fintech

7,442 items

US-based companies

NS8 Patents

NS8 has filed 2 patents.

The 3 most popular patent topics include:

  • Computer network security
  • Domain name system
  • Virtual private networks
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/11/2017

3/17/2020

Virtual private networks, Computer network security, Domain name system, Nations at beauty pageants, Internet privacy

Grant

Application Date

9/11/2017

Grant Date

3/17/2020

Title

Related Topics

Virtual private networks, Computer network security, Domain name system, Nations at beauty pageants, Internet privacy

Status

Grant

Latest NS8 News

“The Idea Of Failure”: Startup NS8’s Former CEO Tells Forbes What Drove Him To Commit $100 Million Fraud

Mar 18, 2022

Adam Rogas Time was running out for Adam Rogas. It was August 2020, and the board of his fraud prevention software company, called NS8, was about to discover there was no cash in the bank and that their CEO had been lying to them for years about revenue figures — before personally pocketing millions of dollars of investors’ money, according to the U.S. Justice Department. Now, in an interview with Forbes, hours after pleading guilty to a count of fraud in U.S. federal court in New York on Wednesday, Rogas says that his actions were driven by a fear of his company failing. “The fraud happened because there was an inordinate amount of pressure,” he says, “both on myself internally, and just in general with having that many people dependent on what we were doing, and what we were building.” Rogas, now 44, was arrested in September 2020 by FBI agents after the Justice Department found evidence that he had provided false financial statements — claiming the company had up to $40 million in cash — to investors who gave the company more than $100 million, including $17.5 million he personally received by selling shares on the secondary market. The company laid off its 200 workers and began winding down. U.S. Attorney Damian Williams described Rogas as the “proverbial fox guarding the henhouse,” in a press release Wednesday. “While claiming to be in the fraud prevention business, Rogas himself defrauded investors in his company of over $100 million,” Williams’ statement said. “Now Rogas will be held accountable for his fraudulent scheme.” Facing up to 20 years in federal prison, Rogas told Forbes he takes full responsibility for his actions. “I feel sorry to the investors, to the employees, to my family, to my daughters,” Rogas says. “This is not at all who I am, other than the fact that somehow I did this.” Rogas co-founded NS8 in 2016 after running a series of marketing and software companies. He was a well-liked figure in the NS8 office, former employees previously told Forbes, and the company became one of the hottest startups in Las Vegas as it jumped from one funding round to another, including a $123 million raise led by Lightspeed Ventures in 2020 – a deal in which Rogas cashed out $17.5 million by selling shares. But the financial statements Rogas provided to raise funding were falsified for years. He was the only person with access to a company account with Bank of America that received customer payments and revenue, while investor funding and payroll went in and out of a separate account accessed by other employees, according to the Justice Department. At one point, Rogas told investors there was $23.7 million in the Bank of America account, while the real number was $5,636, according to a 2020 Securities and Exchange Commission complaint. Reporting by Forbes at the time revealed that Rogas’ secret was uncovered when he failed to meet NS8’s then-vice president of finance at a Bank of America branch to hand over the account’s login credentials. The saga also raised questions about the lack of due diligence conducted by NS8’s investors, including Lightspeed Ventures and AXA Venture Partners. Rogas says the pressures facing startup founders was in part what led him to defraud his company. “There's a tremendous amount of pressure in a growing company,” he says. “The belief I had in what we were doing drove me to a number of small poor decisions that snowballed into me ultimately making these false representations.” In the case of NS8, Rogas says the company was adding customers, but the problem was that the company wasn't adding paying customers “as fast as it should have been,” Rogas says. He adds: “there was still this concept of growth, this concept of users that supported the company…these were all metrics that were growing.” In the end, Rogas says that his singular-focus on growing the company led him to cross the line into illegal activity. “All I could think about was buying us more time,” he says, “and ensuring the company would survive.” Rogas isn’t the only startup founder in recent years to have been indicted for fraud. The recent trial of Elizabeth Holmes, the CEO of blood-testing startup Theranos found guilty of multiple counts of wire fraud, described a founder who was driven to succeed, at seemingly any cost. “There is no doubt that the idea of failure is a difficult one for the type of personality that goes into a startup,” Rogas says. “Unfortunately the people that make really good leaders also don’t deal well with failure – that should never be more important than being true to your principles.” Last week, a federal judge approved a plan by NS8, now known as Cyber Litigation Inc., to repay defrauded investors $38 million as part of a Chapter 11 bankruptcy proceeding started after Rogas’ 2020 arrest. Rogas is expected to be sentenced in New York on August 10. No matter his likely prison time, Rogas says he plans to spend his life paying back “some form of restitution.” What form that may take remains to be seen. “I went into all of this trying to build something, and trying to build value. and through the process, the unwinding, all the things that happened, it’s created nothing but a negative,” Rogas says. “It's very hard for me to deal with that.” Follow me on  Twitter  or  LinkedIn . Send me a secure  tip .

NS8 Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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NS8 Rank

  • When was NS8 founded?

    NS8 was founded in 2016.

  • Where is NS8's headquarters?

    NS8's headquarters is located at 241 W Charleston Blvd, Las Vegas.

  • What is NS8's latest funding round?

    NS8's latest funding round is Series A.

  • How much did NS8 raise?

    NS8 raised a total of $156.55M.

  • Who are the investors of NS8?

    Investors of NS8 include Edison Partners, AXA Venture Partners, Lightspeed Venture Partners, Hanna Ventures, TDF Ventures and 6 more.

  • Who are NS8's competitors?

    Competitors of NS8 include PerimeterX, Yottaa, Source Defense, Veriff, Kasada, Socure, JScrambler, ClearSale, Riskified, SentiLink and 28 more.

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