Silver Tail Systems, Inc., a Palo Alto, CA-based provider of predictive analytics for detection and prevention of fraud and abuse for global websites, has closed an approximately $20m Series B funding round.
The round was led by Andreessen Horowitz, with participation from existing investors Leapfrog Ventures, Seraph Group, and StartUp Capital Ventures.
The company intends to use the new capital to continue to develop and market its online fraud prevention tools.
Led by CEO Timothy Eades, Silver Tail Systems provides a comprehensive suite of fraud detection and mitigation solutions to help online banks in EMEA and the US, online payment providers, e-commerce sites, and government to monitor and protect their websites.
In conjunction with the funding, Scott Weiss, General Partner of Andreessen Horowitz, has joined the company’s Board of Directors.