nsKnox

nsKnox is a Tel Aviv, Israel-based company operating at the intersection of payment fraud prevention and third-party/vendor risk. Its core problem is B2B payment fraud carried out through vendor impersonation and fraudulent bank-detail changes — an attacker convinces accounts-payable staff to redirect a legitimate invoice payment to an attacker-controlled account, a scheme responsible for large corporate losses that traditional endpoint or network security controls don’t address because the attack targets a business process, not a technical vulnerability.

The company, founded in 2016 by Alon N. Cohen (a co-founder of CyberArk) and Richard Turner, built a Corporate Account Verification (CAV) platform and a cooperative verification network with banks, so that a corporate treasury or accounts-payable team can validate a vendor’s banking details against bank-sourced data before a payment goes out, rather than relying on unverifiable emailed instructions. Israel Discount Bank is a named, publicly announced partner using nsKnox’s cooperative network technology.

nsKnox has raised a $15 million Series A led by Viola Ventures with participation from Microsoft’s M12 venture fund, followed by a further $17 million round, bringing total disclosed funding to roughly $35.6 million from investors including Link Ventures and Harel Insurance & Finance alongside M12 and Viola Ventures. Cohen’s CyberArk pedigree gives the company real credibility in security-buyer circles, since CyberArk is one of the most recognized identity-security brands globally.

The company sits in a specific niche adjacent to broader third-party/vendor risk platforms: rather than assessing a vendor’s overall security posture, it verifies a narrow but high-value data point (bank account ownership) at the moment of payment, which is a more surgical and harder-to-fake control against a specific, well-documented fraud pattern (business email compromise leading to payment diversion).