$11M for Guardian Analytics

Los Altos, CA-based Guardian Analytics, which uses behavioral analytics software to detect online bank fraud, said today it had closed an $11 million in Series D financing. Split Rock Partners joined as a new investor, and existing investors Foundation Capital and Sutter Hill Venture returned for the round. The company said it would use the funds to “rapidly advance the company’s direct and channel sales efforts and to further enhance its proven product lines with expanded risk analytics and solutions to address the growing problem of fraud in financial institutions.”

Wade Roush is a contributing editor at Xconomy. Follow @wroush

Trending on Xconomy