TrustID Obtains $7,000,000 New Round

  • Feed Type
  • Date
    2/14/2013
  • Company Name
    TrustID
  • Mailing Address
    15350 SW Sequoia Parkway Portland, OR 97224
  • Company Description
    Founded in 2007, TrustID helps financial institutions and other enterprises conducting telephone-based commerce to authenticate callers with physical “something you have” authentication while combating the growing threat of phone hacking and Caller ID and ANI Spoofing. The first technology to address telephone originated social engineering security breaches, TrustID’s patent-pending physical caller validation solution accelerates the authentication process to pre-answer, validating ID with physical information without sole reliance on knowledge based authentication “something you know” and the risky handling of personally identifiable information (PII.)
  • Website
    http://www.trustid.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $7,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed. SEC regulatory filing.
  • M&A Terms
  • Venture Investor
    Undisclosed

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