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.
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