Deals

TriCipher raises $12M for secure logins

If you’re not reaching, engaging, and monetizing customers on mobile, you’re likely losing them to someone else. Register now for the 8th annual MobileBeat, July 13-14, where the best and brightest will be exploring the latest strategies and tactics in the mobile space.

TriCipher, maker of software that assures the identity of users logging into online applications, just brought in $12 million in a fourth round of funding for further expansion. The San Mateo, Calif. company says it has already added 100 new clients in the past nine months. It also recently launched its myOneLogin product, a single sign-on authentication system for companies looking to prevent fraud and identity theft.

The investment round was provided by ArrowPath Venture Capital, EPIC Ventures, Intel Capital, RBC Technology Ventures and Trident Capital. TriCipher last raised capital in February 2007, bringing in $15 million in cash and debt financing from Zions Bank and Comerica, among others.