ThreatMetrix, a Los Altos, CA-based provider of fraud prevention solutions that do not require personally identifiable information (PII), has secured $12.1m in Series C financing round.
The investment was led by Tenaya Capital, with participation from existing sharoholders U.S. Venture Partners, CM Capital and TVP.
The ThreatMetrix Fraud Network is already used by leading financial services, e-commerce, travel, ticketing, Web 2.0 and payments companies to stop online fraud to verify new accounts, authorize card-not-present payments and authenticate user logins.
The funds will be used for general operating capital, expansion of the company’s product offering, and sales and marketing activities.
Customers include Offerpal Media, GoPro, Adknowledge, BillMyParents, BigCrumbs.com, OnlineLabels.com, and Pagosonline.
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