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ThreatMetrix Raises $12.1 Million in Series C Funding

Oct. 21, 2010

ThreatMetrix, a fraud prevention solutions provider for CNP merchants, announced recently it has secured $12.1 million in a third round of financing. Silicon Valley venture capital firm Tenaya Capital, formerly Lehman Brothers Ventures, led the round. "The multi-billion dollar IT security industry continues to rapidly expand due to the growing wave of global cybercrime," said Ben Boyer, managing director, Tenaya Capital. "The principal highway for today's cybercriminals is the Internet where a fraudster using a stolen or synthetic identity can easily compromise bank accounts, Internet retailers, and members on social networking sites. ThreatMetrix's solutions have translated into rapid customer and partner adoption in markets around the world with their ThreatMetrix Fraud Network which is used by leading financial services, e-commerce, travel, ticketing, Web 2.0 and payments companies."

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