Deals

Security firm ThreatMetrix takes $20M after hooking up with Internet gambling companies

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ThreatMetrix, a security firm which recently dove into New Jersey’s young online gambling industry, just raised a sizable $20 million.

The new round, revealed today in an SEC filing (embedded below), brings ThreatMetrix’s total funding to $56.4 million.

While ThreatMetrix’s entry into the gambling industry is new, the company serves a far broader role in fraud prevention.

The company began catering to the “bring your own device” trend (BYOD) in 2012 for enterprise companies, allowing employees to securely use personal smartphones and tablets at work.

Back in 2010, ThreatMetrix started experimenting with ways to verify its users’ identities without needing sensitive, or personal information. Earlier still, the company made waves for specifically catering to fraud-prone e-commerce companies and social media firms.

The firm most recently raised $18 million in March 2012. Following that round, ThreatMetrix told VentureBeat that its new funds would be used to fuel its international expansion.

ThreatMetrix did not immediately respond to VentureBeat’s request for comment on its latest round.

ThreatMetrix Funding

More information:

About ThreatMetrix ThreatMetrix builds trust on the Internet by offering market-leading advanced fraud prevention and frictionless context-based security solutions. These solutions authenticate consumer and workforce access to missi... read more »

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