ThreatMetrix, a San Jose, CA-based provider of advanced fraud prevention and context-based security solutions, closed $20m Series E financing.
The round was led by Adams Street Partners with participation from existing institutional investors U.S.Venture Partners and August Capital. In conjunction with the funding, Dave Welsh of Adams Street Partners joined ThreatMetrix’s board of directors.
The company intends to use the funds to continue to grow across industries (including enterprise security, healthcare, gaming and insurance in addition to the success it has already experienced in the financial service and e-commerce markets) and geographies (in European and Asian markets in addition to continued growth in North America).
Led by Reed Taussig, president and CEO, ThreatMetrix provides online entities – including businesses, governments and individuals – with solutions that secures applications against account takeover, payment fraud, fraudulent account registrations, malware, and data breaches.
They authenticate consumer and workforce access to mission critical applications using real time identity and access analytics that leverage an identity network of shared intelligence, which enables them to share anonymized information across business boundaries to deliver the most comprehensive risk assessment in real time.
The network 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.