Cogex, the leading developer of online payments for the US and Europe, announced on Thursday that it had secured a $150 million Series B round of funding.
The company said in a statement that it plans to create “a platform for developers to build, manage, and deliver online commerce solutions.”
It plans to launch an initial offering to customers later this year, it said.
Cognex was founded in 2014 by former Microsoft executive Andrew Rutter, who is now Cogngo’s CEO.
The company has raised more than $200 million in funding in the past, but the latest round was the first to raise outside funding.
In March, Coggnix partnered with Microsoft to bring the Microsoft Azure cloud to its platform, allowing for cross-platform collaboration.
Cigarette company Lorillard has also made moves to invest in the company, joining the initial round and pledging $50 million in the same round.
Cognito is also a backer, with a $5 million round from Microsoft.
Cog Nex also announced that it will partner with Microsoft on “a new suite of solutions for retailers that enable their stores to run more securely.”