$11M for Guardian Analytics

3/1/11

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 @

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  • http://www.ppm.net Paul Azous

    Such a big market and a growing market. Companies like this should only grow in the future. Its a good thing. Thanks for the article, good stuff.
    Paul Azous