Threatmetrix Collects $12.1M

10/5/10

Los Altos, CA-based ThreatMetrix, which helps online businesses prevent fraud by authenticating the hardware devices people use to log in to e-commerce sites and other services, today announced the closing of a $12.1 million Series C funding round. Tenaya Capital (formerly Lehman Brothers Ventures) led the round, which also included existing investors U.S. Venture Partners, CM Capital, and TVP. ThreatMetrix CEO Reed Taussig said the new funds would go toward “general operating capital, expansion of our product offering, and sales and marketing.”

Wade Roush is Chief Correspondent and Editor At Large at Xconomy. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @

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