We’re still waiting to hear word from the company, but according to an SEC filing uncovered by Venture Beat, anti-cyberfraud specialist ThreatMetrix just raised $20 million in new funding.
This rivals the company’s last round from two springs ago in 2012, and takes ThreatMetrix’s total capital to more than $56 million.
In an interview with CIO magazine, ThreatMetrix CEO Reed Taussig discussed how his company uses Big Data and context-based authentication to help companies move beyond VPNs, hardware tokens, and one-time passwords. Instead, ThreatMetrix technologies analyze data ranging from information about employee devices to “transactional or application context.”
This network of data is key to ThreatMetrix’s effectiveness. Said Taussig,
“Rather than deriving decision data from a single enterprise, ThreatMetrix customers share anonymous data globally. This increases the perspective, quality, and value of the data while driving down the cost of the enterprise.”
2014 has been a good year for ThreatMetrix. The company won most Innovative Anti-Malware Appliances Solution and Best Product Network Access Control Solution at the 2014 Cyber Defense magazine awards. ThreatMetrix took home bronze in the 2014 Global Excellence Awards in the Most Innovative Company of the Year (Security) competition.
Founded in 2005, ThreatMetrix is headquartered in San Jose, California, and has offices in New York City, Hong Kong, Sydney, and The Netherlands.
ThreatMetrix is one of Finovate’s oldest alums, demoing their technology as part of FinovateStartup in 2009.
Update: In a piece published today at The Paypers, we get some additional information – and some interesting metrics – about ThreatMetrix.
- The funding came as part of a Series E round
- The round was led by Adams Street Partners
- ThreatMetrix analyzes more than 500 million transactions daily
- ThreatMetrix’s technology secures more than 160 million active user accounts, covering 2,500 customers, and 10,000 websites.