Sunday, March 30, 2014

ThreatMetrix Raises $20 Million for Fraud Prevention

ThreatMetrix, a start-up based in San Jose, California, announced $20 million in Series E funding for its context-based security and advanced fraud prevention solutions.


Adams Street Partners led the investment round, with all existing ThreatMetrix institutional investors also participating in the investment.

“Adams Street Partners is an ideal fit to lead our latest round of financing, due to its expertise in the cybersecurity industry and familiarity with our existing investors,” said Reed Taussig, president and CEO, ThreatMetrix. “Today’s cybercriminals are more sophisticated than ever before and include talented, well-funded, international crime rings and nation states. This financing will enable us to expand the depth and breadth of The Network, grow our customer base and continuously build new capabilities into the TrustDefender™ Cybercrime Protection Platform to protect against rapidly evolving cyber threats.”

ThreatMetrix secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches.   ThreatMetrix currently analyzes more than 500 million transactions each month and protects over 160 million active user accounts across 2,500 customers and 10,000 websites.

http://www.threatmetrix.com

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