E-commerce fraud detection and prevention service Forter has brought in $125 million in a Series E funding round.

The company has captured the investment in a deal led by Bessemer Venture Partners, Felix Capital and Itai Tsiddon, with participation from Sequoia Capital, NewView Capital, Scale Venture Partners, March Capital Partners and Commerce Ventures.

The round brings the total invested in U.S.-based Forter to $225 million over five rounds, with its most recent being a $50 million Series D via March Capital.

Forter works with a number of travel brands, alongside high-profile names in other sectors, including Priceline, Kiwi.com

The platform has overseen some $200 billion of annual transactions across its customer base in the last 12 months, despite most industries being hit by the coronavirus pandemic.

The company claims to produce a 60% reduction in web fraud activity for its customers, as well as hit 75% of "false positives" impacting e-commerce brands.  

CEO and co-founder Michael Reitblat says the company has doubled its team across eight offices worldwide and doubled its revenue and enjoyed a "first cash flow positive quarter."

"The market traction we have experienced allows us to invest even more into our platform and drive more significant impact for our customers and partners. We will remain an independent company as we continue to grow our footprint across the commerce ecosystem."

* Check out this interview with Forter's Ata Gokyildirim, recorded at The Phocuswright Conference 2018 in Los Angeles.