ThreatMetrix, a provider of context-based security and fraud prevention solutions, has closed a $20 million Series E round of financing led by Adams Street Partners, with all existing investors also participating. The company secures enterprise applications against account takeover, payment fraud, fraudulent account registrations, malware and data breaches, analyzing over 500 million monthly transactions and protecting more than 160 million active user accounts across 2,500 customers and 10,000 websites. The ThreatMetrix solution is deployed across a variety of industries, including financial services, enterprise, e-commerce, payments, social networks, government and insurance.
ThreatMetrix landed a $66 million valuation in 2012 when it received $18 million of Series D funding led by August Capital; the company has raised a total of about $62 million in funding to date. It will use the additional capital to build new capabilities, enhance its platform, increase mobile cybersecurity, expand into new markets and continue expansion in Europe and Asia.