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Prism Leads $11M Round for GuardID

Needham, MA-based Prism VentureWorks is the lead investor in an $11 million Series B venture financing round for Guard ID Systems, a fraud prevention company in San Mateo, CA, the company announced yesterday. GuardID makes ID Vault, a USB device for consumer PCs that stores encrypted personal data such as credit card numbers and brokerage account passwords and isolates the data from malware and phishing sites. Prism was joined in the round by new investor Intersections, Inc. (NASDAQ: INTX) and existing investor Trinity Ventures.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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